Fuel cost goes down due to falling oil prices

July 26, 20220

US fuel prices began to decline for the first time in weeks.

Industry analyst Trilby Lundberg of the Lundberg Survey said on Sunday that the continued decline is due to falling crude oil prices.

In two weeks, the price of diesel fell 25 cents to $5.53 a gallon, while the average price of gasoline fell 34 cents to $4.32 a gallon.

“Further downturns are likely at gas stations as wholesale gasoline prices continue to decline,” Lundberg said.

The price of gas at a gas station has fallen 55 cents over the past six weeks, but remains $1.32 higher than a year ago.


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