Gasoline Prices Fall to $2.95 Per Gallon

The national average price of a gallon of regular unleaded fell two cents to $2.95 for the week ending June 4 during a week that saw the first price decline since the middle of March, according to AAA. The decline followed a slight dip in oil consumption from a year ago.

The average price is now 13 cents more than a month ago and 57 cents more than the beginning of June 2017. For the week, fuel prices declined in many states, while prices on the West Coast and Rockies region increased.

States with the least expensive gasoline include South Carolina ($2.62), Mississippi ($2.64), Alabama ($2.65), Oklahoma ($2.66), Louisiana ($2.66), Arkansas ($2.67), Missouri ($2.69), Tennessee ($2.70), Kansas ($2.71), and Virginia ($2.74)

States where gasoline fell the most include  Michigan (12 cents), Ohio (10 cents), Delaware (eight cents), Kentucky (seven cents), Florida (five cents), Maryland (five cents), Oklahoma (three cents), South Carolina (three cents), North Carolina (three cents) and Virginia (three cents).

Meanwhile, the average price of diesel fell three-tenths of a cent to $3.285 per gallon, which is 72.1 cents higher than a year ago.

Related: Gasoline Prices Flatten Out at $2.97 Per Gallon

Originally posted on Automotive Fleet