Supply disruptions and terrorist threats sent gasoline and crude oil rates up last week. But both have since dropped.
After nearing an all-time high last week, the average price of regular unleaded gasoline is $3.00 a gallon today, 3 cents lower than Friday, Aug. 11. This isn't much higher than one month ago, when a gallon sold for an average of $2.96, according to AAA, of Hawthorne, Fla.
Midgrade and premium prices have dropped 4 cents a gallon from four days ago. Midgrade is selling for an average of $3.18 gallon today, while premium is selling for $3.30 a gallon.
Although gasoline prices are dropping, the average price of diesel fuel hasn't changed since Friday, selling for an average of $3.12 a gallon nationwide.
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.
Crude oil rates are down from last week, when prices exceeded $76 a barrel. Crude was trading at $73.34 a barrel this morning.
According to GasPriceWatch.com, regular unleaded is selling for its highest price in Needles, Calif., where one station is charging $3.79 a gallon. In Georgetown, S.C., a gallon of regular unleaded was spotted at $2.39 a gallon -- the lowest price found in the nation.
GasPriceWatch.com uses volunteer spotters to watch gasoline prices nationwide. More than 435,000 prices have been listed this week.
You may e-mail Erin Robinson at [email protected]