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The national average price of gasoline fell in March for the first time in a decade, down...

The national average price of gasoline fell in March for the first time in a decade, down $0.15/gal. for the first M/M decline since 2003 and down nearly $0.30/gal. Y/Y, AAA reports. Since peaking at $3.79 on Feb. 27, prices have dropped 29 out of 33 days. AAA thinks April prices should remain less expensive than in recent years because oil is cheaper and refinery production is rising.
Comments (2)
  • phxcrane
    , contributor
    Comments (416) | Send Message
     
    How is refining production Increasing? They have not built a new refinery in 20 years. All the rest I thought were running at 90 to 95 %.
    1 Apr 2013, 07:52 PM Reply Like
  • Hendershott
    , contributor
    Comments (1539) | Send Message
     
    Brownfield, most of the refiners have increased capacity, ramped up for a surge in Canadian crude.
    1 Apr 2013, 09:23 PM Reply Like
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