Weekly weekly gasoline prices fell for 13 consecutive weeks.

The average price of gasoline across the country in the fourth week of this month was 1,301.8 won per ℓ, down 29.0 won from last week.

The national gasoline price has already reached 1,296.7 won per ℓ on the 22nd when the daily counting standards are met, and fell below the 1,300 won for the first time in 12 years.

Weekly gasoline prices for each region remained at 1,300 won in Seoul, Gyeonggi, Gangwon, Chungbuk, Chungnam, Jeonnam, and Jeju.

Prices of major diesel fuels also continued to decline.

The average price of diesel across the country in the fourth week of this month was 1,112.0 won per ℓ.

Considering that the fluctuation of international oil prices affects domestic gas station prices every 2-3 weeks, gas station oil prices are expected to continue to decline for the time being.

The Korea National Oil Corporation explained that international oil prices fell in the wake of the United States' rising oil inventory and the prospect of an economic downturn.

(Photo = Yonhap News)