WASHINGTON, D.C. (August 29, 2024)—Pump prices are still falling, but at a slower pace than recently, dipping just two cents to $3.36 since last week. A slight uptick in gas demand may reflect the last hurrah for summer travelers. A storm system forming in the Atlantic may pose a threat to falling gas prices as well. Meanwhile, the national average for L2 commercial electricity did not budge.
“Since today, 8/29, is my birthday, my wish is that this potential tropical storm fizzles quickly,” said Andrew Gross, AAA spokesperson. “And the arrival of September means cheaper winter-blend gasoline is almost here, which always helps take pressure off pump prices.”
For the complete report, including the latest EIA data, gas and electric price trends, and oil market dynamics, please visit https://gasprices.aaa.com/pace-of-gas-price-decline-slows-as-labor-day-weekend-arrives/