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There is good news at the gas pump, as Americans get ready to fill their cars, RVs and boats for the Labor Day weekend.
The national average price for gasoline has been falling steadily this month, reaching $2.678 for a gallon of unleaded on Monday, according to AAA, Wright Express and Oil Price Information Service. That’s about 6 cents a gallon less than a month ago and 7 cents less than it was on the Friday before the July Fourth weekend.
U.S. gasoline prices fell to the lowest level in three weeks due to lower crude oil costs, the Energy Department said Tuesday.
The national price for regular unleaded gasoline dropped 3.1 cents over the last week to $2.73 a gallon, the department’s Energy Information Administration said in its weekly survey of service stations.
While drivers are still paying 11 cents more a gallon than a year ago, the pump price is down sharply from the record $4.11 reached two years ago. Get the full story »
Tribune staff report | Fuel prices have decreased in Illinois and
northern Indiana during the past month amid declining oil prices and the strengthening of the U.S. dollar.
AAA Chicago’s Fuel Gauge Report estimates that in Illinois, regular unleaded gasoline has
decreased 15 cents during the past month, forecasting an average cost
of $2.69 per gallon for the month of February, which is still $.78
higher per gallon than last year.
