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US gas prices remain steady at $2.25/gallon

Posted at 4:00 PM, Aug 09, 2020
and last updated 2020-08-09 16:00:23-04

CAMARILLO, Calif. -- The average U.S. price of regular-grade gasoline held steady over the past two weeks at $2.25 per gallon.

That’s 50 cents below the average pump price from a year ago.

Industry analyst Trilby Lundberg of the Lundberg Survey says Sunday the stable prices occurred because crude oil prices barely changed and the U.S. has a glut of gasoline yet a weak demand.

Nationwide, the highest average price for regular-grade gas is in the San Francisco Bay Area at $3.31 per gallon.

The lowest average is in Baton Rouge, Louisiana, at $1.77 per gallon.

The average price of diesel in the survey taken Friday dropped one penny from two weeks earlier, to $2.53 a gallon.