After slipping below the $70-a-barrel mark earlier this week, crude oil prices have held steady. For consumers this means fuel pump prices are likely to remain at their current level.
The average price of regular unleaded gasoline was $2.89 a gallon on Friday, down 1 cent from Tuesday, June 13, according to AAA, of Hawthorne, Fla.
Midgrade and premium gasolines also were down a penny a gallon from three days earlier. Midgrade was selling for an average of $3.07 a gallon, while premium was pumping for an average of $3.18 a gallon.
Diesel users saw a slight increase at the pump. On Friday, diesel fuel was at its highest price in a month, selling for an average of $2.98 a gallon.
AAA's Daily Fuel Gauge Report gathers data from as many as 85,000 filling stations nationwide and posts its findings on www.fuelgaugereport.com.
Concerns over tensions between the United States and Iran over Iran's nuclear program led to the spike in crude oil prices. But peace-making comments from both countries have helped turn around the price trend.
The price of a barrel of crude oil fell below $70 a barrel on Tuesday and has remained below that level since, trading at $69.44 on Friday morning.
Drivers in California continue to pay the most for gasoline. In Coronado, Calif., GasPriceWatch.com spotters found regular unleaded selling for $3.69 a gallon. Across the nation, drivers in Clemson, S.C., were paying $2.49 a gallon, the lowest price listed on the Web site.
GasPriceWatch.com uses volunteer spotters to watch gasoline prices nationwide. More than 380,000 prices have been listed this week.
You may e-mail Erin Robinson at [email protected]