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Relief At the Pump? Diesel, Gas Prices Dropping

By Automotive Staff | May 12, 2011
Motor Trend’s “This Week In Gas Prices” recently posted info on gas prices and, for once, had some good news. Diesel prices apparently are dropping across the U.S. and prices for regular are expected to dip a bit as well. The New York Times suggests that the average price of just under $4 might be reduced to as low as $3.50 by midsummer. If that happens at all, it would probably be a temporary reduction. Gas Price Average on 5/9: $3.965 The biggest jump in gas prices this week was a tiny $0.027 increase in the Rocky Mountain region. Prices in the Midwest went down about the same amount while the price of gas in California held steady, at $4.254. Price this week: $3.965 Price April 2010: $2.93 Price April 2006: $3.05 Price April 2001: $1.96 Price April 1996: $1.76 Price April 1991: $1.78 Price April 1986: $1.76 Price April 1981: $3.54 Price April 1976: $2.35 Above prices are adjusted for inflation. Diesel Price Average on 5/9: $4.104 The price of diesel was down just a bit everywhere in the country except the Rocky Mountain region, where the price stayed the same as the week before. Price this week: $4.104 Price April 2010: $3.14 Price April 2006: $3.03 Price April 2001: $1.80 Price April 1996: $1.82 Price April 1991: $1.78 Price April 1986: $1.83 Price April 1981: $3.02 Above prices are adjusted for inflation. via U.S. Energy Information Administration, The New York Times, Appitalism.com courtesy of Motor Trend Staff
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