The nation’s average gas price has fallen for the second straight week, according to GasBuddy data.
As of Monday, the average gas price is $4.17 per gallon, according to data compiled from more than 11 million price reports across the country.Though prices have fallen this week, the national average is up 25.5 cents from a month ago.
Patrick De Haan, GasBuddy’s head of petroleum analysis, said the fall in prices this week was a result of two factors. “Oil prices fell last week as COVID cases in China surged, prompting restrictions on movements and hurting oil demand,” Haan said in a news release. “Meanwhile, President Biden’s announcement that the U.S. would be releasing 180 million barrels from the Strategic Petroleum Reserve caused an even further decline in oil, leading gas prices in nearly all areas of the country to fall over the last week.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Average LA County Gas Price Drops Again, In New Largest Decrease Since April 2020The average price of a gallon of self-serve regular gasoline in LA County dropped 2 cents to $5.999, squeaking just under $6 and setting a new record for largest overnight decrease since April 2020.
Read more »
LA County sees largest decrease in average gas price since April 2020The average price of a gallon of self-serve regular gasoline in Los Angeles County recorded its largest decrease since April 2, 2020, dropping below $6 for the first time since March 21.
Read more »
Average San Diego County Gas Price Records Largest Decrease Since March 2020The average price of a gallon of self-serve regular gasoline in San Diego County recorded its largest decrease since March 26, 2020, Saturday, dropping 2.4 cents to $5.946.
Read more »
Average LA County gas price drops for 6th straight dayThe average price rose $1.283 during a 32-day streak of increases that ended last Sunday.
Read more »
Average San Diego County Gas Price Drops For Fifth Consecutive DayThe average price of a gallon of self-serve regular gasoline in San Diego County recorded its largest decrease since March 26, 2020, Saturday, dropping 2.4 cents to $5.946.
Read more »
Average LA County gas price drops for 6th consecutive dayThe average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Sunday for the sixth consecutive day, decreasing 1.2 cents to $5.987.
Read more »