Lipow Oil Associates President Andy Lipow on the outlook for oil and gas prices.
Drivers in the U.S. picked up some relief at the pump in the last two weeks.
Continue Reading Below
The average price of regular-grade gasoline dropped 4 cents per gallon to $2.68.
According to industry analyst Trilby Lundberg says this maybe just the beginning of the relief.
Refinery maintenance season will start to slow and demand for gasoline naturally declines at this time of year.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The price at the pump is 24 cents lower than it was a year ago, according to the Lundberg Survey.
The highest average price in the nation is $4.71 a gallon in San Francisco.
The lowest average is $2.12 in Baton Rouge, Louisiana.
CLICK HERE TO READ MORE ON FOX BUSINESS
The average price of diesel is unchanged at $3.06 per gallon.
The Associated Press contributed to this article.
