Gasoline Prices Decline as U.S. Sees Lowest Friday Rates Since March
Friday, 16 August 2024, 15:00
Gasoline Prices Decline Significantly
On Friday, the U.S. witnessed a notable drop in average gasoline prices, now standing at $3.42 per gallon. This marks the cheapest Friday since March, offering consumers a reprieve as the summer driving season draws to a close.
Key Insights from Patrick De Haan
Patrick De Haan from Gas Buddy highlighted this significant price reduction. The latest EIA report reveals changes in gasoline inventories and refinery utilization that have contributed to this decline. This is a crucial point for both consumers and industry analysts alike.
- U.S. average prices: $3.42
- Lowest prices since March
- Influence of EIA data
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.