economy
Gas prices: Sixth day with a drop in fuel costs over the last seven days
The national average price for a gallon of regular gas decreased again on Thursday, falling to $4.093. It was the sixth price decrease in the national average for gas prices in the last seven days, according to AAA. Gas prices had been rising daily throughout the country, primarily due to the military conflict between U.S., Israel, and Iran.
TL;DR
- The national average price for regular gas decreased to $4.093 per gallon on Thursday.
- This marks the sixth price decrease in the last seven days, according to AAA.
- Gas prices had previously been rising due to the military conflict between the U.S., Israel, and Iran.
- Current prices are lower than a week ago but higher than a month ago and last year.
- Treasury Secretary Scott Bessent predicts gas prices could fall to around $3 per gallon between June and September.
- U.S. Secretary of Energy Chris Wright warns that prices might continue to rise through the summer.
- Gas prices vary significantly by region, with the most expensive in the western U.S. and the cheapest in the Midwest and Great Plains states.
- California has the highest statewide average gas price at $5.864 per gallon, while Oklahoma has the lowest at $3.435 per gallon.