US Gas Prices Decline Amid Falling Oil Costs
US Gas Prices Decline Amid Falling Oil Costs
US Gas Prices Decline Amid Falling Oil Costs
News summary

Gasoline prices have been steadily declining across the United States, contributing to a deceleration in inflation. The national average price for gasoline has fallen to $3.25 per gallon, with some localities like Wisconsin and South Carolina seeing prices as low as $2.62 per gallon. This trend is attributed to lower demand, seasonal changes in gasoline production, and a significant drop in crude oil prices, which have reached their lowest levels since December 2021. Analysts expect this downward trend to continue into the fall, potentially driving prices below $3 per gallon in many areas. Diesel prices have also decreased, with the national average now at $3.62 per gallon, the lowest since early 2022.

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7 days ago
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