Gas Prices

Gas Price Decline Slows, But Likely Won’t Stop

By: Andrew Gross

car driving in the rain

WASHINGTON, D.C. (September 19, 2024)—The national average for a gallon of gas dipped a mere two cents since last week to $3.22. Gas prices had been falling by more than twice as much recently, but the arrival of Hurricane Francine to the Gulf Coast created some temporary issues for nearby oil production and refining. The national average cost for public EV charging, however, held steady.

“Gasoline prices have been plunging lately and it is not uncommon to see them take a bit of a breather during hurricane season,” said Andrew Gross, AAA spokesperson. “Gasoline demand and oil costs are low, so pump prices may soon resume a slow descent. There are 14 states with averages below $3 a gallon, and several more may soon follow.”

For the complete report, including the latest EIA data, gas and electric price trends, and oil market dynamics, please visit: https://gasprices.aaa.com/gas-price-decline-slows-but-likely-wont-stop/