NEW YORK (AP) — Retail gas prices fell slightly Friday — the first time in 18 days they haven’t risen to a new record — and analysts say pump prices are close to peaking for the year.
Oil futures, meanwhile, rose as Turkish airstrikes on Kurdish rebel bases in Iraq injected some supply concerns into the market, giving investors reason to shrug off the strengthening dollar.
The national average price of a gallon of regular gas fell 0.1 cent overnight to $3.622, according to a survey of gas stations by AAA and the Oil Price Information Service. That’s the first time since April 14 that retail prices have fallen. Diesel prices fell 0.2 cent to a national average of $4.249 a gallon.click here for full feature