Gas Prices

Gas Prices Drift Lower, But Just Barely

By: Andrew Gross & Devin Gladden

car driving down a rural road in the Fall

WASHINGTON, D.C. (September 28, 2023)—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.”

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