USA: gasoline drops from 4 dollars per gallon after 5 months

Written by ebookingservices

The price of gasoline in the United States fell below $4 a gallon for the first time in more than five months, good news for consumers facing hikes in many other basic products.

The national average for regular gasoline hit $3.99 a gallon (3.78 liters) on Thursday, AAA said.

Prices fell 15 cents in the last week and a total of 68 cents in the last month, according to the auto club.

The GasBuddy shopping app reported that the national average was already $3.98 a gallon on Wednesday.

The drop in the price of fuel, airline tickets and clothing is a relief for consumers, although inflation continues to touch its four-decade record.

Gasoline began to rise in mid-2020 as economies recovered from the initial shock of the coronavirus pandemic. They experienced a further increase when the United States and its allies announced sanctions against Russia for the invasion of Ukraine.

Drivers in California and Hawaii continue to pay more than $5 a gallon, while other western states hover around that figure. The cheapest fuel is in Texas and in other states in the south and in the center-north of the country.

A year ago, the average price for everything in the country as a whole was $3.20 a gallon.

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