Gasoline Prices Are Down, But There’s a Big Threat Looming

Gasoline prices fell again on Aug. 19, with the national average falling to $3.89 a gallon, while the price of crude moved slightly higher to $91.56 a barrel.

The most common price is $3.49 a gallon, Patrick De Haan, chief of petroleum analysis at GasBuddy, the Boston fuel price information provider, told TheStreet. The cheapest 10% of stations sell gasoline at an average of $3.22 per gallon and the median price is now $3.72 per gallon. Diesel sells for $4,996 per gallon.

Consumers have been given a slight pause in the past two months from higher gasoline prices, even as inflation in energy, housing and food costs has affected wage revenues.

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