Gasoline prices have dropped this week, and a decrease in the price of crude oil signals more relief to come.
The U.S. average price of regular unleaded gasoline was $2.97 a gallon today, down 3 cents from Tuesday, Aug. 15, and 6 cents from one week ago, according to AAA, of Hawthorne, Fla.
The average prices for midgrade and premium gasoline also were down today. Midgrade was selling for an average of $3.15 a gallon, while premium was $3.26 a gallon.
Meanwhile, diesel fuel prices haven't changed in a week, selling for an average of $3.12 a gallon today.
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 were trading at $70.65 a barrel this morning. Prices had exceeded $76 a barrel last week.
Despite the drop in gasoline prices, the high and low pump prices haven't changed much since earlier this week. According to GasPriceWatch.com, a station in Needles, Calif., continues to sell regular unleaded gasoline for $3.79 a gallon, the highest price found in the nation. Meanwhile, drivers in Dayton, Ohio, found gasoline selling for $2.41 a gallon, the lowest price spotted in the nation.
GasPriceWatch.com uses volunteer spotters to watch gasoline prices nationwide. More than 428,000 prices have been listed this week.
You may e-mail Erin Robinson at [email protected]