Gasoline Is Both Incredibly Cheap and Absurdly Expensive
- Americans are paying the least in 10 years to gas up in August
- Pump prices are at a record level compared with crude
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Filling up with gasoline in the U.S. is the cheapest it’s been in a decade and yet way too expensive.
The average retail price in the U.S. dipped to $2.595 a gallon Sunday, down 7.5 cents from the previous week and the lowest for this time of year since 2004, according to Heathrow, Florida-based AAA, the nation’s largest motoring group. Costs are sliding on the back of oil futures tumbling for eight consecutive weeks, the longest drop since 1986.