Average gas price per gallon sinks to lowest since W was president

    18
    0

    HA! Apparently the reporter hasn’t visited the Pittsburgh area – PB/TK

    Average gas price per gallon sinks to lowest since W was president – By John Harrington / June 9 2017

    The average price per gallon of gasoline has tumbled below its level of a year ago and is the cheapest since George W. Bush was president, according to online fuel-price information provider GasBuddy.

    Gasoline costs an average of $2.35 a gallon in the United States and is the least expensive since 2005, when the national average was $2.11 per gallon.

    There are 21 states with lower averages than a year ago. Among the more significant discounted prices to last year are: Ohio (26 cents lower), Illinois (25 cents), Indiana (20 cents), Kentucky (16 cents) and Michigan (13 cents).

    “At the beginning of the year, I would have bet against you if you’d have said gas prices this summer could be lower than last year,”  said Patrick DeHaan, GasBuddy senior petroleum analyst. “With OPEC’s production cut in November, such a prediction seemed next to impossible, but the resiliency of U.S. shale production has indeed surprised.”

    Continue to msn.com article: http://www.msn.com/en-us/money/markets/average-gas-price-per-gallon-sinks-to-lowest-since-w-was-president/ar-BBCmH3l?li=BBnbfcN

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here