After hitting a record high in June, prices at the pump have fallen for more than 30 straight days. Alabama's average is now 4.09 a gallon. alnews gasprices alabamanewsnetwork
Gasoline prices in the U.S. could soon drop to an average of $4 a gallon, according to a Biden energy adviser.
. Even though fuel prices are coming down, drivers in states such as California and Idaho continue to pay an average of more than $5 a gallon. CBS News' Margaret Brennan on"Face the Nation" on Sunday that he expects gas prices"to come down more towards $4." This weekend, the most common gas price in the U.S. was $3.99 per gallon, according to GasBuddy head of petroleum analysis Patrick De Haan. July 18, 2022
"Crucially, demand growth will be increasingly sensitive the higher the prices go, and the first cracks in the U.S. gasoline demand are now visible," JPMorgan analysts wrote in a research note earlier this month.
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