Why fuel prices continue to drop

Dec 9, 2014

During the past couple months fuel prices across the country have been dropping at a significant rate, bringing smiles to business owners across the country.

According to a report by Time Inc, the price drop, which has brought the average price of U.S. regular unleaded down to $2.72 a gallon and $3.53 for diesel, is the result of several factors:

Higher production from North American sources
A drop in consumer demand for gas and diesel
The U.S. dollar is getting stronger

Combine those elements and it bodes well for those who spend more time on the road than in the office.

Editor’s Note: Bruce Smith is a Senior Editor at Randall-Reilly

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