New report: Gas prices drop for 70 straight times

Heather Hamilton

August 24, 07:44 PM August 24, 07:44 PM

It’s a new report for price ranges at the pump.

Soon after reaching an all-time national common high of $5.02 for each gallon, fuel rates have diminished for 70 straight days to $3.88 for every gallon.

In accordance to AAA, the national regular has dropped extra than a dollar given that June 14, 2022.

TIKTOK AND SNAPCHAT TO Shell out Hundreds of thousands IN Class-Motion Privacy LAWSUITS

“Drivers are now benefiting from fuel prices that are [$1.14] considerably less than their peak in mid-June,” AAA spokesman Andrew Gross said in a statement. “But now we need to preserve an eye on the weather as hurricane year comes. These storms can influence charges by disrupting oil production in the Gulf of Mexico and impacting huge coastal refineries.”

Before the modern downward trend, gasoline price ranges experienced risen steadily below President Joe Biden. The countrywide common for a gallon of fuel was $2.46 in February 2021.

Florida’s gasoline costs have dropped the most in the past week, with a 12-cent reduce. Arkansas potential customers the nation with the least expensive fuel at $3.40 for every gallon. Hawaii continues to be the most highly-priced at $5.32 per gallon.