Mexican Media Brands
December Fuel Prices at Two-Year Low in U.S.
The average retail price of a gallon of regular grade gasoline in the U.S. has dropped to $2.37 this week, down from $2.42 a year ago to a two-year low for the month, says AAA.
#economics
Share
The average retail price of a gallon of regular grade gasoline in the U.S. has dropped to $2.37 this week, down from $2.42 a year ago to a two-year low for the month, says AAA.
Average prices are down 12 cents per gallon from a week ago. The car insurance giant says continued high levels of fuel production—about 10 million barrels per day—prices are likely to continue their decline through the end of the year.
Average per-gallon prices range from a low of $1.96 in Missouri to a high of $3.49 in Hawaii.
RELATED CONTENT
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.