08/26/2024

Gas Prices are Down

The U.S. could be headed for lows not seen since 2021

If you're planning to squeeze in one last summer road trip over the coming Labor Day weekend, it won't cost as much to fill up your tank compared to a few months ago.

The national average for a gallon of regular has fallen more than 20 cents since May and is now at $3.38 — about 47 cents lower than this time a year ago. Experts say the trend is likely to continue in the coming months, possibly leading to $3-a-gallon gasoline for the first time since 2021.

According to AAA, as of Thursday, the price per gallon for regular gasoline ranged from $4.59 in California, where state gas tax is the highest in the nation, to $2.93 in Mississippi, which has one of the lowest tax rates on fuel.

Please select this link to read the complete article from NPR.