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Gas Prices Drop to 5-Year Low, Bringing Relief to Drivers
Published 1 week, 3 days ago
Description
Gas prices across the nation have hit their lowest levels in almost five years, with an average of $2.83 per gallon for regular unleaded. This is a significant drop from the three-dollar mark that persisted for much of the Biden years. The slide began in the fall, with prices falling sharply in October and dipping below three dollars for the first time since March 2021 in December. This relief at the pump is welcome news for everyday drivers hit by inflation, with steady supplies and crude oil prices below sixty dollars a barrel contributing to the low prices. Forty states now average below three dollars, with high-tax spots like Hawaii and California lagging behind.
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