Mar 30, 2021 4:00 PM

Fuel prices taper off

Posted Mar 30, 2021 4:00 PM

The national average price of gas and diesel fell for the second straight week, after a constant rise to start the year. GasBuddy reports the national average price of gasoline fell 2.7 cents to $2.84 a gallon, with diesel prices down 1.2 cents to $3.08 a gallon.

GasBuddy’s Patrick De Haan says, "increases have largely tapered off, and we're now seeing decreasing prices in most areas of the country, thanks to oil prices that have moderated for the time being." However, demand is rising. According to a new dataset released by GasBuddy, U.S. gasoline demand continued to rise for the week ending March 27, as Americans continued to get outside amidst better conditions and fewer travel restrictions.

National gasoline demand rose 1.95 percent. Weekly gasoline demand last week again set another new pandemic high, rising to just three percent above the last pre-pandemic figures from mid-March 2020, but still stand down several percentage points from what would be considered normal for late March.