BALTIMORE, MD—The national average price of gasoline has fallen for the second consecutive week, declining 1.8 cents to $3.07 per gallon, according to GasBuddy data released Monday. This marks a 5.2-cent drop from a month ago and a significant 32.8-cent decrease compared to a year ago.
Diesel prices also saw a decline, decreasing 1.7 cents in the past week to an average of $3.448 per gallon.
Patrick De Haan, head of petroleum analysis at GasBuddy, attributed the price drop to increased refinery output and a surge in gasoline supplies. While some states experienced price cycling, De Haan noted that a “gentle downward trend” is typical as summer progresses. He anticipates no major shifts at the pump for most areas this week, barring a significant rise in oil prices…