17 September 2013 16:55 [Source: ICIS news]
HOUSTON (ICIS)--The US national average price for regular unleaded gasoline at the pump is at $3.51/gal, making it the 1,000 consecutive days above the $3/gal mark, AAA said in its Fuel Gauge Report made available on Tuesday.
Tuesday’s average price is 5 cents/gal lower than one week ago and 35 cents/gal cheaper year on year.
Despite the recent drop in prices, this is the longest streak of prices above $3/gal. It began on 23 December 2010, according to AAA.
Week on week, drivers in just five western states – California, Nevada, Washington, Oregon and Arizona – are paying more at the pump.
“These price increases have been the product of refinery issues in California that have propelled retail prices higher,” said AAA’s Michael Green.
Meanwhile, in the Midwest, gasoline prices have fallen by at least 10 cents/gal week on week in Kentucky, Michigan, Montana, Ohio and Indiana.
The drop in prices here are attributed to ample supplies and weak demand.
The switch to cheaper winter-blend gasoline by refiners also lowered prices.
Current average?xml:namespace> Week-ago average Month-ago average Year-ago average $3.51 $3.56 $3.54 $3.86
Prices are the US average per gallon of regular unleaded retail gasoline
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