The national average jumped nearly 20 cents per gallon in the past month, according to WEX Index's February fuel prices report. But prices are still almost 30 cents per gallon lower than a year ago.
According to WEX Index's January fuel prices report, the national average is holding steady at $3.27 per gallon, nearly 25 cents below where it was a year ago.
According to WEX Index's December fuel prices report, the national average started 2014 at $3.31 per gallon — the highest prices ever to start a year.
As the end of the year approaches, gasoline prices are on a steady decline with the national average at $3.25 per gallon. Meanwhile, diesel prices are expected to move higher toward $4 per gallon.
Although prices have fallen nationwide recently, five cents since last week and seven cents compared with a month ago, prices remain high in some states in the Western U.S. due to refinery issues in California, AAA stated.
The U.S. Energy Information Administration (EIA) released its Short Term Energy Outlook (STEO) for this month.
Gas prices have remained steady lately, with an average price for regular unleaded gasoline at $3.54 per gallon, according to AAA’s latest Fuel Gauge Report.
In a new report, AAA said that the average nationwide price of a gallon of regular unleaded gasoline has fallen to a five-month low of $3.48. This is the lowest price since Feb. 1.
The Energy Department launches eGallon, a quick way to compare the costs of fueling electric vehicles versus driving on gasoline.
Gas prices are falling across the U.S., with the national average price for a gallon of regular unleaded gasoline at $3.57 per gallon on June 24, according to AAA’s latest Fuel Gauge Report.