Average US gas price finally drops 4 cents

Gas pump
Photo credit Getty Images

After months of climbing prices, Americans saw the national average cost of gas go down a bit over the weekend.

Heading into the weekend, the average price sat at $5.09 per gallon, but Sunday saw a four-cent drop.

The U.S. average now sits at $5.05 per gallon, the first dip in nine weeks. Diesel meanwhile continued to rise and now sits at $5.89 per gallon.

Fuel industry analyst Trilby Lundberg told Transport Topics News that the decrease was thanks to a drop in oil prices informed by fears over global inflation increases.

“As lower gasoline prices make their way through distribution to retail, customers will likely see further declines in coming days,” he said.

The national average, as of June 24, was $1.90 higher than the same date last year.

The nation’s highest price over the weekend was $6.39 per gallon in San Francisco, Calif., while the lowest was $4.39 in Baton Rouge, La.

LISTEN on the Audacy App
Sign Up and Follow Audacy
Facebook | Twitter | Instagram