National Gas Prices Largely Stable Amid Regional Fluctuations

Gasoline prices across the United States are showing slight fluctuations but generally remain steady or slightly lower compared to previous weeks and last year. In Los Angeles and Orange Counties, prices have seen minimal increases but remain significantly lower than their record highs in 2022. Similarly, in Arkansas and Peoria, gas prices have edged up slightly or dropped less than a cent, with national averages declining due to falling oil prices beneath $64 per barrel. Analysts caution that the peak of hurricane season may impact supply and prices as Labor Day approaches, despite current market stability and refinery capacity nearing maximum utilization. AAA recommends fuel conservation strategies to motorists amid these steady prices, which are notably below last year's levels nationwide. Overall, while wholesale and retail margins fluctuate, there are expectations for possible minor price declines if oil and gasoline supply conditions remain stable.