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Price of Fuel takes a dip below $10

The price of fuel at the pump has gone down. At midnight tonight premium gasoline will decrease by 52 cents, from $10.47 down to $9.95 per gallon; while diesel will also decrease by 52 cents, from $9.83 down to $9.31 per gallon.  This is the third consecutive decrease in pump prices since November 2018. It is the first time since January 25, 2017 that all fuel products are priced at the same time below $10.00 per gallon.  The dramatic fall in fuel prices is principally due to weakening global demand reflecting concerns about economic growth prospects in 2019 and also a step up in production in the United States, Saudi Arabia and Russia.