The average cost for a quart of regular gasoline nationwide dropped on Monday.
According to AAA, the drop in gas prices was a 7-cent decrease from a week ago to$ 3.184. It came after days of unrest in terms of taxes and other political issues.
Gasoline prices have stabilized since the middle of March, having been steadily rising. The average price for a gallon of regular gasoline on the national average increased from$ 3.078 on March 18 to$ 3.268 % on April 4. The most recent upward trend started last month, with the price finally starting to fall. As a result, the average cost of regular gas in the nation is now more expensive than it was a month ago, when it was$ 3.083 per gallon.
Gas prices are frequently a topic of national political debates, with firm gas prices schizophrenicly absent. This is especially true in the wake of the Biden administration, during which people in the nation struggled with higher gas prices. Between January 2017 and January 2021, the regular rate for standard gasoline during President Donald Trump‘s first name was$ 2.476 per quart. Comparatively, fuel costs increased by over$ 3 per gallon in June 2021 less than six months after President Joe Biden‘s term began.
As Biden’s word progressed, gas prices increased significantly. Fuel costs reached a record high of$ 5.03 per gallon about 18 months into his presidency, according to the Energy Information Association. In the history of the nation, it was the highest rating for a gallon of regular gasoline. The average cost for regular oil the following fortnight dropped to$ 4.92 per gallon, setting a new record for the month’s highest average rate for standard oil.
Prices slowed slightly in July 2022 and steadily decreased that time. Costs fluctuated over the next two years, but they remained above the$ 3 per gallon threshold, which was higher than it was during Trump’s administration. The typical federal amount for a gallon of ordinary fuel had reached its highest point in the year in April 2024, and it had begun to decline the following month. This gradual price decline continued for the rest of the year, eventually resulting in a national average price of$ 3.01 per gallon just before Christmas.
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Oil prices also fluctuate depending on the state and the area. The West Coast has the highest fuel costs, while the Gulf States area has the lowest rates. Mississippi now has the lowest average nationwide price for a quart of regular fuel, at$ 2.715. Oklahoma is in a somewhat worse position, at$ 2.72. Tennessee is next at$ 2.722, followed by South Carolina at$ 2.766 per gallon and Texas at$ 2.769.
However, the average nationwide fuel price in California is approaching$ 5 per litre. The Golden State’s average price for a gallon of regular gas was$ 4.894 on Monday. Hawaii is the next state with the highest gas price, at$ 4. 514 per gallon, followed by Washington, which is$ 4. 434 per gallon. Oregon’s average fuel price is$ 3.98 per gallon, while Nevada’s average is$ 3.93, while the next two highest averages are$ 3.94 per gallon.
