Weekly Gasoline Prices: WTIC Down 8.9%

As of November 29, the price of Regular and Premium were down two and one cents, respectively, from the previous week. According to GasBuddy.com, California has the highest average price for Regular at $4.71 and Oklahoma has the cheapest at $2.91. The WTIC end-of-day spot price closed at 69.95, down 8.9% from last week and up 47% from the beginning of the year.

President Biden has announced plans to release gasoline reserves to mitigate rising oil prices.

How far are we from the interim high prices of 2011 and the all-time highs of 2008? Here's a visual answer.