Gas Prices Remain Stable Despite Record Low Demand

Feb. 9, 2017

The average cost of regular gasoline across the nation has remained relatively flat over the past week, at a price of $2.27 per gallon as of February 6, reported AAA. Although the price has been stable, drivers are seeing a ten cent price decrease per gallon month-over-month, 52 cents more year-over-year. Gas prices have been pushed up by cuts in oil production worldwide, but US production and decreased demand has kept the prices leveled out over the last few weeks, says the source. The U.S. Energy Information Administration (EIA) is showing US fuel demand at its lowest level for January 2017 since 2012. It stands down 6 percent from the year before.

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