Just like the falling leaves in autumn, a drop in gas prices continues to be felt by a lot of consumers.
Drop in gas prices is said to be due to the tensions in the global oil market. (Photo: WAMB Radio)
Drop In Gas Prices
Because of the drop in gas prices, the national average for a gallon of gas has fallen by eight cents since last week to $3.56. Despite the drop in gas prices, the decline has been slow.
Aside from the drop in gas prices, the ongoing tensions in the oil market caused by global events, such as the conflict between Israel and Hamas, have kept gas prices elevated in the mid-$80s per barrel. Despite the slow decline, drivers are still saving about $5 every time they fill up because of the drop in gas prices.
Drop in gas prices resulted to eight cents to $3.56 per gallon, which is the national average. The drop in gas prices is a result of falling oil prices, although the decline has been gradual.
According to a published article by the Heartland Newsfeed, this drop in gas prices is attributed to the decline in oil prices. Although the drop in gas prices has been gradual, it is still pretty beneficial to most consumers.
The Least Expensive States To Fill Up
In a published article by FOX Reno, Georgia and Texas are the least expensive states to fill up. Gasoline prices typically go down in the fall due to decreased demand after summer vacations, but this year the decrease is slower than usual.
Some of the states with the largest price decrease over the past week include California, Arizona, and Alaska.
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