US National Gas Average Drops to $4.24
In California, the average gas price has risen to nearly $6 per gallon.
TL;DR
- National average gas price is $4.24 per gallon.
- Prices have fallen 18 cents since last week.
- Crude oil prices below $100 per barrel are contributing to the decline.
- Summer road trip season is approaching, increasing demand.
- Uncertainty over the Strait of Hormuz reopening impacts future oil price predictions.
- Six states have average gas prices above $5 per gallon.
- California has the highest average gas price at $5.97 per gallon.