As the summer driving season ends, U.S. gasoline prices have fallen to the lowest level for the time of year since 2004, wiping out the effect of more than a decade of rising fuel bills. The average retail price of gasoline across the United States was just $2.53 per gallon on Monday, including federal, state and local taxes, according to the U.S. Energy Information Administration. Retail prices have fallen by $1 per gallon, approximately 30 percent, compared with the same time last year and have not been this low at the end of the driving season since 2004 ( link.reuters.com/mex55w ). Gasoline prices are seasonal, reflecting higher demand in summer than winter and the limited capacity of the refining system. Over the last decade, gasoline prices have generally fallen on average by […]