U.S. average price of regular gasoline drops below $3.50 for the first time since April 14.

This Week in Petroleum (EIA)

Gasoline and Diesel
The U.S. average price for regular gasoline plunged 14.8 cents to slip below $3.50 for the first time since April 14. Prices have now fallen for three weeks in a row, bringing the average to 348.4 cents per gallon, but are 71.4 cents above a year ago. The U.S. average diesel price dropped 8.4 cents to 387.5 cents per gallon. Prices settled below the $4 mark in all major regions of the country for the first time since March 10.
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Diesel & Gasoline Prices Slip: First Time Since March 08

The average price of gasoline and diesel fuel in the U.S. has started to slip in recent weeks. Last week the average price of gasoline was $4.10 per gallon, and diesel fuel was $4.65 per gallon.

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