AAA sees US average gasoline price dipping to around $2.70 - News Summed Up

AAA sees US average gasoline price dipping to around $2.70


Steady oil prices and the end of strong summer demand should start pushing gasoline prices down. The auto club AAA predicts that the national average will drop 14 cents to $2.70 a gallon this fall. The current average of $2.84 is up 46 cents from a year ago, but down from the peak national average of $2.96 a gallon in May. AAA says motorists in the West and in Pennsylvania and Connecticut pay even more — over $3. Also, refineries are expected to switch in mid-September to winter-blend gasolines, which are cheaper to produce than summer blends.


Source: ABC News August 29, 2018 17:36 UTC



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