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Tennessee's average cost for a gallon of gas has dipped to $4.02, nearly two cents down from the week before, representing the second week in a row of an average price decline.
The CCPC has urged anyone with information about cartel behaviour and collusion to come forward as a whistleblower.
Oil firms will implement a major price hike on Tuesday, marking the 11th straight week of increases with domestic pump prices already hitting P84.55 per liter in select areas across the country.
It comes after allegations of price gouging by service station chains were aired in Dáil Éireann yesterday.
Conflict has disrupted global supplies, with the price of the benchmark Brent Crude hitting the highest level yesterday since 2011.