New top story from Time: Gas Prices Fall to $2.25 per Gallon on Average in U.S.

(CAMARILLO, Calif.) — The average U.S. price of regular-grade gasoline fell half a penny over the past two weeks to just under $2.25 per gallon.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday prices may change a little in the coming days as hurricanes pummel the Gulf Coast, impacting oil production. Still, a decline in demand for gasoline because of the pandemic means there is plenty of petroleum available for motorists.

Nationwide, the highest average price for regular-grade gas is in the San Francisco Bay Area at $3.36 per gallon. The lowest average is in Houston at $1.78 per gallon.

The average price of diesel in the survey taken Friday was $2.50 a gallon, down a penny from two weeks earlier.

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Associated Press
October 11, 2020 at 03:54PM