Gas Prices Continue to Fall
Written by jordanmckamey on November 7, 2018
For the fourth straight week, gas prices have continued to fall: the national average price for a gallon of gasoline is down 7.0 cents per gallon over the last week to $2.73 per gallon, the lowest level in over 200 days, according to GasBuddy data compiled from more than 10 million individual price reports. The national average price of diesel saw modest relief as well, falling 1.4 cents to an average of $3.27 per gallon.
Energy markets suffered widespread losses last week, continuing from a month of declines that have seen WTI and Dated Brent crude oil shed nearly $13 per barrel and pivot decisively to correction territory as traders and analysts alike appear convinced that U.S. trade sanctions on Iran will have no appreciable effect global oil supplies.
48 states saw average gas prices decline in the last week, while Alaska and Oregon were the only states where average gas prices rose. The average price per gallon in Wyoming was $2.88, but the average price in Park County was $2.97