Pump Prices Fall Nearly 3 Cents a Gallon

The average gasoline price fell 2.8 cents to $2.289 a gallon, the second weekly decline after hitting a record high earlier this month, the U.S. government reports.

WASHINGTON - U.S. drivers had a modest reprieve at the pump as the average gasoline price fell 2.8 cents to $2.289 a gallon, the second weekly decline after hitting a record high earlier this month, the U.S. government said Monday.

The national average pump price for regular unleaded remains 38.4 cents higher than one year ago, according to a weekly survey of more than 800 service stations by the Energy Information Administration (EIA).

Gasoline prices reached a record high of about $2.38 a gallon two weeks ago as crude oil prices crossed the $62 a barrel level. However, when adjusted for inflation, the most expensive price at the

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Source: CNN.com

 

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