Gasoline prices turn lower as diesel, heating oil rise on low inventories – By Brian C. Rittmeyer (Triblive) / Oct 17, 2022
After rising sharply over the past few weeks, the national average price of gasoline has taken an abrupt, but expected, downturn while diesel prices have soared, an industry analyst said.
The national average fell 5.4 cents per gallon in the past week and stands at $3.86, according to price-tracking service GasBuddy. That’s about 21 cents more than a month ago and about 57 cents more than a year ago.
The decline comes as refinery issues have eased in the West and Great Lakes region, overpowering increases elsewhere, said Patrick De Haan, head of petroleum analysis at GasBuddy.
“We’ll see a continued sharp drop in gas prices on the West Coast, including areas like Las Vegas and Phoenix, which are supplied by refiners in California, as refinery outages have been addressed. The Great Lakes will see prices drift lower as BP’s Whiting refinery is soon to complete maintenance,” De Haan said.
