Gas Price Falls for 7th Straight Week but Experts Warn It May Exceed $5 Again Soon

The price of gasoline fell for a seventh consecutive week, providing Americans with some relief at the pump, but experts have warned that prices could rise above $5 again this summer amid fears of a recession.
According to the American Automobile Association (AAA), the national average for a gallon of gas fell on Aug. 1 to $4.21, down 14 cents since the week before.
However, Californians are still paying the highest average price of $5.60 a gallon, while the average cost in the Los Angeles area is $5.70, although that is still 17 cents cheaper than the previous week, AAA reported.
Elsewhere, GasBuddy reported that the national average is even lower, at $4.17, having fallen 15.9 cents from a week ago….

Related Post

This website uses cookies.