Gas Prices Decline Across US Canada Amid Lower Oil Costs

Gas prices across various regions in the U.S. and Canada have generally declined recently. In Texas, the average price for regular unleaded fuel dropped to $2.72 per gallon, a ten-cent decrease from last week, partly due to easing tensions in the Middle East and crude oil prices falling below $70 per barrel. California's average gas price also decreased to $4.36 per gallon, down from $4.44 last week, though it remains significantly above the national average of $3.16. Similarly, Minnesota saw a slight decline to $3.04 per gallon, remaining modestly below the national average. On Prince Edward Island, regular gas prices decreased by 1.5 cents per litre, while diesel prices increased slightly. Meanwhile, natural gas futures for August delivery on the New York NYMEX fell by 0.56%, reflecting a broader trend of declining energy prices amid fluctuating supply and demand dynamics.