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Gasoline Price Update

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GasolineIndiana retail gasoline prices fell slightly over the weekend but are still higher than they were a week ago, according to AAA. Nationally,the average price of a gallon of regular gasoline in the U.S. rose 3 cents, to $3.72, during the past two weeks, marking the 12th straight week of price hikes at the pump. That’s according to a survey released Sunday.  Industry analyst Trilby Lundberg says gas prices are about to tumble, however, as crude oil and wholesale gasoline prices have started falling due to higher-than-expected crude output in Libya and ample U.S. crude oil stocks and ramped up production of gasoline.

 

Midgrade gasoline costs an average of $3.13 a gallon, and premium was $4.05 a gallon. Diesel was $4 a gallon.Of the cities surveyed in the Lower 48 states, the lowest price, $3.34 a gallon, was in Albuquerque, New Mexico. The highest was $4.27 in Los Angeles.