The typical U.S. gasoline worth has fallen 45 cents in 3 weeks. It hasn’t been sufficient to deliver again demand, an business analyst says

CAMARILLO, Calif.—The typical U.S. worth of regular-grade gasoline plummeted 45 cents over the previous three weeks to $4.10 per gallon.

Business analyst Trilby Lundberg of the Lundberg Survey stated Sunday that the continued decline comes as crude oil prices additionally stay low.

“The drop of a greenback per gallon has not been sufficient to revive motorist demand, which is in retreat attributable to sustained excessive worth ranges,” Lundberg stated in a press release.

The typical worth on the pump is down a greenback over the previous 9 weeks, nevertheless it’s 85 cents increased than it was one yr in the past.

Nationwide, the very best common worth for regular-grade gasoline was within the San Francisco Bay Space, at $5.36 per gallon. The bottom common was in Baton Rouge, Louisiana, at $3.38 per gallon.

In accordance with the survey, the typical worth of diesel plunged 37 cents over three weeks to $5.17 a gallon.