Gas prices nationwide continue to decline, the trend continues for more than three months
Omaha, Nebraska – According to GasBuddy, the price of gasoline has decreased for the thirteenth consecutive week, down 7.6 cents from the previous week’s price.
The price of gasoline has decreased by 26.9 cents per gallon over the past month, bringing the national average down to $3.67 per gallon.
Patrick De Haan, an expert who specializes in the petroleum industry, stated that pricing data are revealing strikingly divergent price behaviors from coast to coast.
According to De Haan’s explanation, certain regions are experiencing discernible increases, while others are experiencing discernible drops.
According to De Haan, “Refinery concerns in California are leading to rises in places supplied by the state’s refineries, including parts of Arizona, Nevada, Oregon, and Washington, as well as California.” “Gasoline supply remains limited for the East Coast, which has led to some moderate price increases,” although “prices continue to nudge lower in the Plains, the South, and portions of the Great Lakes.”
According to De Haan, the price decreases will be more significant than the price hikes, which can result in yet another possible weekly price drop.
In spite of this, De Haan said that the nation is in a precarious position and “may probably see a broader move higher in the coming ahead.”
According to GasBuddy, the states with the cheapest reported average gas prices were Texas, Arkansas, and Mississippi. The states with the most expensive reported average gas prices were California, Hawaii, and Nevada.