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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.
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. The average price of gasoline sat at $3.45 per gallon on ...
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 ...
Gasoline prices have seen their biggest weekly decline of the year, but a spike at the pump could still come later this summer. On Tuesday, the national average for gasoline stood at $3.52 per ...
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 ...
"Gas prices will likely keep dropping until the end of the year," Gross said. "The one caveat would be if the new war expands to include oil-producing nations in the region."
Kloza believes gas prices could drop to around $3.25 or $3.50 per gallon, and he doesn’t see this trend reversing until the middle of the first quarter of 2024.