U.S. fuel costs have fallen for seven straight weeks and are approaching a median worth of $4 a gallon, easing the ache of record-high fuel costs amid shrinking international demand for oil.
The common value of a gallon of standard unleaded gasoline sank to $4.19 Tuesday, the forty ninth straight day that costs have declined, in response to OPIS, an energy-data and analytics supplier. That could be a 17% decline from the earlier excessive of $5.02 a gallon set again on June 14, in response to OPIS.