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Fuel Prices Fell to 7-Month Low in September
Average gasoline prices in the U.S. dropped to $2.34 per gallon in September, their lowest since February, according to the AAA Daily Fuel Gauge Report.
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Average gasoline prices in the U.S. dropped to $2.34 per gallon in September, their lowest since February, according to the AAA Daily Fuel Gauge Report.
The average in August was $2.46. Prices a year ago today were at $3.33 per gallon. AAA predicts the national average will flirt with a six-year low of $2 before the end of 2015.
The low fuel prices reflect continued high output of petroleum, which has slashed oil prices about 50%, and weaker import demand by China. Service stations in the northern half of the U.S. also have switched to less expensive winter blends made feasible by lower ambient temperatures.
AAA notes Americans drove a record 1.82 trillion miles in January-July, surpassing the previous record of 1.77 trillion miles set in the first seven months of 2007.
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