For the first time in six years, the average pump price of diesel fuel dropped below that of regular gasoline, the U.S. Energy Information Administration reported Thursday, reported The Advertiser.
That rare occurrence fell on July 13, but will likely remain an anomaly, expert observers say.
“The Department of Energy data reflect that the gap between diesel prices and regular prices has narrowed,” said Gregg Laskoski, senior analyst for the Southeast for GasBuddy.com, a consumer website.
Laskoski said regular gasoline is in its peak sales season, summer, but production has outpaced demand, preventing average pump prices for regular gasoline from rising to their normal seasonal highs, despite demand. In fact, the average price of a gallon of regular gas, $2.74, was 4 cents less Thursday than it was a month ago.
In Louisiana, the average price of a gallon of gas is 11 cents less than a month ago.
That means regular gas prices are failing to rise while diesel prices are doing their seasonal swoon, conditions that created that rare price moment on July 13. Laskoski said that marked “a trend that will probably reach its conclusion fairly soon.”
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