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Tight refining supply has kept the gap wide between wholesale gasoline futures and retail prices, currently at about $1.25 a gallon, far exceeding the average of 88 cents over the past five years.
The national average price for a gallon of gas is going down in the U.S. with Tuesday's national average at just $3.14, according to AAA.
By Shariq Khan. NEW YORK (Reuters) - U.S. motorists should see gasoline prices fall below $3 a gallon for the first time in over three years as soon as next month, shortly before they go to vote ...
Here’s why gas could drop below $3. Matt Egan, CNN. December 6, 2023 at 2:44 PM. ... Gas prices are likely to decline another 5 to 7 cents a gallon in the next week, according to Lipow.
In NJ, the average price for gas stands at $3.20 per gallon, but some gas station are selling gas for as cheap as $2.75. Gas prices are down globally. Here's why
Gas prices dipped significantly over the weekend, bringing relief for drivers ahead of the holiday. As of Monday, the national average stands at $3.15 per gallon, according to AAA. That’s 5 ...
The current decline is notable given prices at the pump are about $0.30 lower than a year ago, when oil was hovering around the same levels as today.
Kloza added, "The question is not so much when do we drop below $3 per gallon, but how much lower can we go?" On Tuesday, the national average price of a gallon of gas sat at $3.08 per gallon ...