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August 15, 2022 9:20 AM, EDT

Average Gasoline Price Falls 45 Cents to $4.10 per Gallon

gas nozzleDavid Paul Morris/Bloomberg News

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CAMARILLO, Calif. — The average U.S. price of regular-grade gasoline plummeted 45 cents over the past three weeks to $4.10 per gallon.

Industry analyst Trilby Lundberg of the Lundberg Survey said Aug. 14 that the continued decline comes as crude oil costs also remain low.



“The drop of a dollar per gallon has not been enough to restore motorist demand, which is in retreat due to sustained high price levels,” Lundberg said in a statement.

The average price at the pump is down a dollar over the past nine weeks, but it’s 85 cents higher than it was one year ago.

Nationwide, the highest average price for regular-grade gas was in the San Francisco Bay Area, at $5.36 per gallon. The lowest average was in Baton Rouge, La., at $3.38 per gallon.

According to the survey, the average price of diesel plunged 37 cents over three weeks to $5.17 a gallon.

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