The average price of gasoline at the pump for U.S. drivers fell to the lowest level of the year as wide spreads between U.S. and European oil benchmarks have driven American refiners to produce more fuel than ever for this time of year. The average retail price fell 2.9 cents to $3.265 a gallon in the week ended today, the lowest level since Dec. 4, the Energy Information Administration reported on its website. Prices are 22.7 cents below a year earlier. U.S. refineries produced 9.434 million barrels a day of gasoline the week of Oct. 25, the highest seasonal level in weekly EIA data going back to 1982. The discount of Light Louisiana Sweet, the U.S. Gulf benchmark crude, to European Brent, the internatonal benchmark, averaged $6.54 a barrel in October, the widest on record, according to data compiled by Bloomberg. “The U.S. has finally let go of wanting […]