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Cost of gasoline drops one cent in the last week

U.S. gasoline prices dipped for the second straight week, falling one penny a gallon, the Energy Department said Monday.
/ Source: Reuters

U.S. gasoline prices dipped for the second straight week, falling one penny a gallon, the Energy Department said Monday.

The national price of regular unleaded gasoline dropped to $3.45 a gallon in the week ending Monday, the agency said in its weekly survey of service stations.

U.S. oil prices, which account for more than 60 percent of the price gasoline, fell 13 cents on Monday, but remained above $90 a barrel at $93.19 on the New York Mercantile Exchange.

While gasoline prices have eased a little, oil prices have actually risen around 7 percent over the past two weeks.

The U.S. weekly diesel fuel retail price rose 6.7 cents to $3.89 a gallon, up 83 cents from a year earlier.