economy
Gas prices: Three consecutive days of decreases at the pumps
The national average price for regular gas held steady on Monday at $4.125 per gallon for the second day in a row. It comes after three consecutive days of decreases following last week’s announcement of the two-week ceasefire between the United States and Iran. On Friday, the first day in weeks in which gas prices declined, the cost for a gallon of regular gas dropped to $4.153. On Thursday, the national average price for regular gas was $4.16 per gallon.
TL;DR
- The national average gas price held steady at $4.125 per gallon on Monday, following three consecutive days of decreases.
- Prices have dropped since last week's ceasefire announcement between the United States and Iran, but remain higher than a month and year ago.
- Gas prices have steadily climbed since January, influenced by severe winter weather and later by military conflict with Iran.
- Current fuel costs are compared to those under former President Joe Biden, rather than the more affordable prices during President Donald Trump's terms.
- California has the highest statewide average gas price at $5.893 per gallon, while Oklahoma has the lowest at $3.443 per gallon.
- Fuel prices vary by region, with Midwestern states having the lowest prices and Pacific coast and western states having the highest.