Gasoline prices continue to drop rapidly, and crude oil is trading at lower levels not seen in more than five months.
The average price for regular unleaded gasoline has dropped 7 cents since Friday, Sept. 8. The nationwide average today is $2.61 a gallon. That price is down 12 cents from one week ago, according to AAA, of Hawthorne, Fla.
One month ago, regular unleaded was selling for an average of $3.01 a gallon.
Midgrade and premium prices also are falling. Midgrade was selling for an average of $2.78 a gallon today, 7 cents less than the average four days ago. Premium was down 8 cents from four days ago, selling today for an average of $2.87 nationwide.
The average price for a gallon of diesel fuel today was $2.97. That was down 6 cents a gallon from Friday, Sept. 3., and just 4 cents above the average price one year ago.
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 was trading at $65.14 a barrel this morning, down more than $2 from Friday, Sept. 8. The price of crude set records this summer, topping $77 a barrel in July.
In San Diego, one station was selling gasoline for $3.59 a gallon, almost $1 more than the national average. This was the highest price found in the nation. In Springdale, Ohio, one station was selling regular unleaded for $2.03 a gallon, the lowest price found in the nation.
GasPriceWatch.com uses volunteer spotters to watch gasoline prices nationwide. More than 401,000 prices have been listed this week.
You may e-mail Erin Robinson at [email protected]