Gasoline Prices Are Down, But There's a Big Threat Looming

Gasoline Prices Are Down, But There’s a Big Threat Looming

Gasoline prices fell again on Aug. 19 with the national average declining to $3.89 a gallon as crude oil prices inched slightly higher to $91.56 a barrel. 

The most common price is $3.49 a gallon, Patrick De Haan, head of petroleum analysis at GasBuddy, the Boston provider of retail-fuel-pricing information, told TheStreet. The cheapest 10% of stations are selling gasoline at an average of $3.22 a gallon and the median price now is $3.72 a gallon. Diesel sells for $4.996 per gallon.

Consumers received a slight break for the past two months from higher gasoline prices even as inflation in energy, housing and food costs has eroded income from wages.

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