Is there a diesel fuel shortage? Low diesel stockpiles don't mean the country will run out, but they do mean higher diesel prices, especially in the Northeast where stocks are the lowest and diesel faces competition from fuel oil.
Diesel and crude oil prices are the highest recorded in years as consumption surges in the U.S.
The national average price of regular unleaded jumped 7 cents to $2.54 for the week, as a result of a recent trend that has been demand climb higher and supply fall, according to AAA.
The national average price of regular-unleaded jumped 8 cents to $2.39 per gallon, even as most states continue to sell gasoline at less than $2.50 per gallon, according to AAA.
The national average price of regular unleaded gasoline remained steady at $2.25 per gallon for the week, and it's within 3 cents of the lowest price level since December 2016.
The national average gasoline price increased 1 cent to $2.25, and recorded the first weekly price increase since early October, when it sat at $2.91 per gallon, according to AAA.
The average price of a gallon of regular unleaded fell 3 cents to $2.24 on Jan. 7, and has reached its lowest level since February 2017, as falling oil demand continues to push prices lower.
The price of regular gasoline continued to decline over the holidays and reached an average of $2.266 per gallon for the week ending Dec. 31, which was 5.5 cents lower that the prior week, according to the U.S. Energy Information Administration.
The national price of gasoline has fallen to $2.37 per gallon, which is the lowest December level on record since 2016 and continues a price decline that began in early October. Gasoline prices have tumbled 54 cents from Oct. 9.
The average national price for regular unleaded fell 4 cents to $2.42 to reach a new low for 2018, as gasoline prices continued to follow oil prices to lower price levels for the week ending Dec. 10, according to AAA.
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