According to the Lundberg Survey, the average price of regular gasoline at U.S. fell 15.9 pennies in the past three weeks which ended June 8 to $3.6243 a gallon. Gas price nearly reached $4 a quarter ago. A sharp slowdown in the Chinese and European economies have contributed to a drop in oil prices which has taken Brent from nearly $120 to under $100. OPEC still claims to pump crude a near-record levels. And, the tension about Iran’s weapons programs has cooled.
Most of the gas price data is confirmed by the daily AAA Fuel Gauge report
Douglas A. McIntyre