National Gas Prices See Small 3 Cent Drop

Gas Prices Drift Lower, But Just Barely

WASHINGTON, D.C.—Despite lackluster demand with fewer drivers visiting the pump, the national average for a gallon of gas only fell three cents since last week to reach $3.83. The slow drop is due to the high cost of oil, which is acting like a drogue chute on falling gas prices.

“Oil is stubbornly staying above $90 per barrel for now, and it’s the main ingredient in gasoline,” said Andrew Gross, AAA spokesperson. “Gas prices will likely keep falling, but it’s going to be slow and unsteady, so expect some days where it might edge higher a bit.”

For the complete report, including the latest EIA data and oil market dynamics, please visit https://gasprices.aaa.com/falling-like-a-feather/