Average Retail Gasoline in U.S. Falls to Lowest Price This Year
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The average price of gasoline at the pump for U.S. drivers fell to the lowest level of the year as wide spreads between U.S. and European oil benchmarks have driven American refiners to produce more fuel than ever for this time of year.
The average retail price fell 2.9 cents to $3.265 a gallon in the week ended today, the lowest level since Dec. 4, the Energy Information Administration reported on its website. Prices are 22.7 cents below a year earlier.