Gas prices dip just below $4 for the first time in 5 months

Fuel 1596622 1920

gas

U.S. gas prices have dipped under $4 a gallon for the first time in more than five months.

AAA says the national average is $3.99 for a gallon of regular. That’s down 15 cents in just the last week, and 68 cents in the last month. Gasoline peaked at around $5.02 a gallon on June 14.

In Alabama, prices averaged $3.61 a gallon on Monday.

Motorists in California and Hawaii are still paying above $5, and other states in the West are paying close to that.

The cheapest gas is in Texas and several other states in the South and Midwest.

The decline reflects falling prices for crude oil, which have dipped close to $90 a barrel from over $120 a barrel in June.

(Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

8/11/2022 10:56:25 AM (GMT -5:00)

Categories: Regional and US News