January 9, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--Drivers got a bit of a break in 2024 as retail gasoline prices averaged 21 cents per gallon less than in 2023, says a new report from the U.S. Energy Information Administration (EIA). The 2024 price averaged $3.30 per gallon nationwide as opposed to 2023's $3.51 per gallon.
A combination of lower crude oil prices and narrower refinery margins were the main drivers, says the report.
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