Gas prices: Fall to $4.39 per gallon, dropping 16 cents in one week
Gas prices in the U.S. have decreased to an average of $4.391 per gallon, marking a 16-cent drop over the past week. This decline follows a peak price of $4.564 per gallon earlier in May, attributed to geopolitical tensions and market fluctuations. Currently, nine states report average gas prices below $4 per gallon, providing some relief to consumers as summer driving season approaches.
- ▪The national average price for regular gas is now $4.391 per gallon, down 16 cents from last week.
- ▪Nine states are reporting average gas prices below $4 per gallon.
- ▪California has the highest gas prices in the country at $6.059 per gallon, while Indiana has the lowest at $3.771 per gallon.
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The national average price for regular gas continued to fall on Friday, dropping to $4.391 per gallon, a 16-cent decrease over the past week, according to AAA. Gas prices have trended downward since setting a high for the year on May 21 at $4.564 per gallon. Moreover, fuel costs have dropped every day this week, starting at $4.507 per gallon on Monday, Memorial Day, dropping to Friday’s current price point, an 11-cent drop in less than 100 hours. The decrease in fuel costs comes at a time when gas prices start to rise, after Memorial Day and the beginning of what is recognized as the summer driving season.
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