Gas Prices Continue to Drop Nationwide, With 8 States Now Below $3/Gallon
-
Nationally, gas prices have dropped 37 cents in the past month to $3.44 per gallon, according to AAA. Prices are under $3/gal in 8 states.
-
The price drop is due to flat gasoline demand and declining oil prices. More states will likely see sub-$3 prices ahead of holiday travel season.
-
California has the highest average gas price at $5.12/gal. The lowest prices are in Georgia, Mississippi, and Texas.
-
Prices typically fall near year-end as stations switch to cheaper winter-blend gasoline.
-
Though the Israel-Hamas war continues, it has not significantly impacted oil prices since they are minor producers.