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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 price per gallon of gas is seen at a gas station on Dec. 12, 2023 in Miami as the national average for unleaded gas was $3.14 a gallon on Dec. 12, 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 ...
Gas prices are on a downtrend trend, falling below a national average of $3.50 per gallon for the first time since February of this year. ... so will gas prices because oil costs account for about ...
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.
Even before Wednesday’s oil sell-off, the national average price for regular gas fell to $3.22 a gallon, according to AAA. That’s a fresh 11-month low and well below the peak in September of ...
Why do gas prices drop? ... Prices have fallen dramatically in recent weeks — a month ago the state average was $5.64 — and more drops appear on the way. Soydemir saw prices tumbling until the ...