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Price of gasoline 17 percent lower than a year ago

Despite increases in recent weeks, the average U.S. price of a gallon of regular gasoline has declined by 45 cents, or 17 percent, over the past year, according to Tuesday’s Daily Fuel Gauge Report from the AAA. Drivers in New York and neighboring states saw parallel declines since last May, although they continue to pay higher than average prices at the pump. Tuesday’s average price for a gallon of regular gasoline was $2.40 in Pennsylvania and $2.38 in New York—7th and 10th-highest, respectively, among the 50 states and the District of Columbia. At an average price of $1.95 per gallon, Oklahoma had the nation’s lowest gasoline price on Tuesday. Nationwide, the most common pump price was $2.099.

5/13/2016 (c) 2016 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email rbj@rbj.net.
 

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