economy
Gas prices: Decrease at the pumps for third consecutive week
As is customary for the last three weeks, the national average price for a gallon of regular gas fell again on Friday, dropping to $4.108, according to AAA. The string of decreases began after the Memorial Day weekend holiday, traditionally recognized as the start of the summer driving season — and, subsequently, the start of increases in fuel costs. However, the current military conflict between the U.S. and Iran has disrupted the traditional gas market and caused significant price fluctuations since the beginning of March.
TL;DR
- The national average price for a gallon of regular gas dropped to $4.108, marking the third consecutive week of decrease.
- Price fluctuations have been significant since March, influenced by the military conflict between the U.S. and Iran.
- Gas prices could potentially fall below $4 or go above $5 this summer, creating uncertainty for consumers.
- The Midwest region now has the cheapest gas prices, with Indiana being the state with the lowest average price.
- California remains the state with the highest gas prices in the country.