DETROIT -- Gasoline prices are backing off a bit from the record levels recorded one week ago.
The average price for a gallon on unleaded gasoline is $2.30, according to AAA of Hawthorne, Fla. That is down 1 cent a gallon from Tuesday, July 19, and 2 cents below the record high notched on July 14.
One month ago, drivers were paying an average of $2.17 a gallon for unleaded gasoline. One year ago, the average price stood at $1.92 a gallon.
Drivers of diesel-powered vehicles are paying an average of $2.44 a gallon for fuel, down 2 cents from three days ago. One month ago, the average price was $2.37 a gallon. In July 2004, it stood at $1.80.
AAA surveys more than 60,000 self-serve gasoline stations daily and reports its findings at www.fuelgaugereport.com
Pump prices are benefiting from stability in the crude oil markets. A barrel of crude oil for future delivery was trading at about $57.50 on Friday morning.
San Francisco is tabbed as having the most expensive gasoline in the nation at $2.89 a gallon, according to GasPriceWatch.com. At the other end of the spectrum, drivers in Lancaster, Ohio, can buy gasoline at $1.93 a gallon, according to the Web site.
GasPriceWatch uses volunteer spotters who submit more than 72,000 prices a week.
|National Unleaded Average|
|Month Ago Avg.||$2.17||$2.30||$2.39||$2.36|
|Year Ago Avg.||$1.92||$2.04||$2.11||$1.80|
|*Prices are in US dollars per gallon|
You may e-mail Dale Jewett at [email protected]