US News Gas prices fall below $4 for 1st time since March

tom_mai78101

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The national average price for a gallon of gas fell below $4 on Thursday for the first time since early March, according to AAA data. The milestone was reached after more than 55 consecutive days of declining prices at the pump.

The national average price for a gallon of gas, which stands at $3.99, has fallen more than 20% since it reached a peak of $5.01 in mid-June, according to data AAA provided to ABC News.

In California, the state with the highest average price, a gallon of gas costs $5.38, though that price has fallen more than 11% over the past month. In Texas, the state with the lowest average gas price, a gallon costs $3.49, AAA data showed.

Despite the recent price dip, the cost of gas remains elevated, standing roughly 25% above a $3.18 national average one year ago, according to AAA data.

 

The Helper

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It is the travel costs. Houston is right next to the refineries you guys are paying the travel costs as not everyone is lucky enough to live next to the source.
 

tom_mai78101

The Helper Connoisseur / Ex-MineCraft Host
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It is the travel costs. Houston is right next to the refineries you guys are paying the travel costs as not everyone is lucky enough to live next to the source.
Ah, that's probably it.
 
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