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.
Illustration courtesy of Energy Information Administration
Chart shows regional price changes in Regular Unleaded during 2014. Source: Energy Information Administration
