Gas Prices Steady Across Multiple Regions Amid Economic Concerns

Gas prices across the United States have remained largely stable over the past week, with only minor fluctuations reported in various regions. In California, average prices have slightly decreased, with Los Angeles and Orange Counties seeing modest drops, while the statewide average is now significantly lower than it was a year ago. Nationally, the average cost for a gallon of regular gasoline is about $3.16 to $3.18, nearly 50 cents less than last year, despite the usual seasonal increase in demand. This stability comes as crude oil prices have fallen due to economic concerns and OPEC+'s decision to increase oil supply amid tepid demand. Regional reports show that prices in the Gulf Coast and Rocky Mountain areas have also held steady, with both regions maintaining averages below or at the national level and notably lower than last year's figures. The most expensive gas markets remain on the West Coast, while the least expensive are found in the southern and central states.