Americans continue to enjoy lower gas prices
Many Americans are enjoying a little bit of savings recently at the gas pump.
The average U.S. price of regular-grade gasoline has dropped 12 cents a gallon the past three weeks to $2.31.
Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that falling crude oil costs are the main reason for the decrease at the pump.
The average gas price has dropped 66 cents the past 3½ months.
The highest average price in the nation is $3.46 a gallon in the San Francisco Bay Area, and the lowest is $1.80 in Baton Rouge, Louisiana.
The average price of diesel fell 9 cents the past three weeks, to $3.03.
Last month, OPEC countries, including Saudi Arabia, and other major oil producers agreed to cut production by 1.2 million barrels a day to reduce oversupply and boost prices for the first six months of 2019.
Oil producers are under pressure to reduce production following a sharp fall in oil prices in recent months because major producers — including the United States — are pumping oil at high rates.