The common U.S. worth of regular-grade gasoline plunged 32 cents over the previous two weeks to $4.54 per gallon.
Industry analyst Trilby Lundberg of the Lundberg Survey stated Sunday that the continued decline comes as crude oil prices additionally fall.
“Further drops at the pump are likely as the wholesale gasoline price cuts continue making their way to street level,” Lundberg stated in an announcement.
The common worth on the pump is down 55 cents over the previous six weeks, nevertheless it’s $1.32 larger than it was one yr in the past.
Nationwide, the very best common worth for regular-grade fuel was in Los Angeles, at $5.65 per gallon. The lowest common was in Baton Rouge, La., at $3.90 per gallon.
Volkswagen CEO to step down
Herbert Diess, the Volkswagen CEO whose picture had been tarnished within the fallout from the German automaker’s emissions-cheating scandal, is stepping down.
In a shock announcement, the Wolfsburg, Germany-based firm stated Diess will depart Sept. 1 “by mutual consent” with the board. No motive was given for his departure. Oliver Blume, CEO of VW model Porsche, will succeed Diess.
Diess, who took over as chief govt in 2018, presided over the automaker at a time of serious change within the trade, together with a shift towards elevated manufacturing of electrical automobiles. His contract was set to run out in 2025.
Board Chairman Hans Dieter Poetsch thanked Diess in an announcement and praised his function in “advancing the transformation of the company.”
“Not only did he steer the company through extremely turbulent waters, but he also implemented a fundamentally new strategy,” Poetsch stated.
Source: www.bostonherald.com”