Gas Prices Trend Downward

gas-prices

(Undated) – Gas prices across the country should begin to trend downward thanks to a shift in crude oil prices. Dan McTeague with Gasbuddy says energy markets took a decidedly negative turn for the worse this week as U.S. crude stockpiles grew by a stunning 6.5 million barrels the previous week, which was ahead of consensus and certainly not the 2 million barrel draw forecast by the API. According to GasBuddy’s Live Ticking Average pump prices now stand at $2.87 a gallon, down 3.9 cents from last week while still ahead of last month’s price by 2.6 cents. In comparison to last year at this time, a fill up is now a little over 42 cents a gallon more expensive and assuming a driver using 40 gallons a month, an extra $16 to $17 more a month. For diesel, at nearly $3.30 a gallon, a similar fill up will set you back an additional $23 a month as the distillate now stands at 57 cents a gallon higher than on this date in 2017.