Why fuel prices continue to drop

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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. 

Gas Price Chart 2014According 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. 

Gas Price Breakdown Chart



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

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