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Gas is about to drop below $4 for the first time since July
- On Monday, the national average for regular gasoline fell to about $4.01 per gallon, according to AAA data, down roughly 14 cents since Election Day when it stood at $4.15.
- Seasonal factors including the end of summer driving season and Daylight Saving Time have reduced demand; earlier sunsets through December 21 mean Americans drive fewer miles.
- High demand for diesel and jet fuel has kept refineries running at maximum speed, with Andy Lipow, president of Lipow Oil Associates, noting that gasoline becomes a byproduct of this production.
- California motorists pay a national high of $5.751 per gallon as of November 8, while North Carolina leads with the lowest prices at $3.273 per gallon, creating a $2.478 regional gap.
- Tom Kloza, independent oil analyst and advisor to Gulf Oil, described 2027 as "the mother of all refinery maintenance years," warning that prices could rise as refineries go offline for maintenance.
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By Chris Isidore, CNN A much-anticipated image by U.S. voters: gasoline at nearly $4. The average price of gasoline is about to fall below that threshold for the first time since July, driven down by seasonal factors that are reducing demand.
·Idaho Falls, United States
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Georgia gas prices drop ahead of Thanksgiving travel
Georgia drivers are paying some of the lowest prices in the country at the pump, with the state average falling to $3.48 per gallon Sunday — 54 cents below a national average that just hit its lowest point since July. What’s happening: Georgia’s average dropped a penny from Saturday and is down 10 cents from […]Read more at The Georgia Sun
Coverage Details
Total News Sources40
Leaning Left0Leaning Right5Center31Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
C 86%
14%
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