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Gas prices drop again, dipping closer to $4 per gallon
Diesel also fell about 2 cents as easing regional tensions helped push fuel costs lower, AAA said.
- On Friday, the national average for a gallon of regular gasoline fell to $4.076, according to AAA, reflecting slightly easing tensions in the region.
- President Donald Trump announced a 10-day ceasefire between Israel and Lebanon on Thursday, though competing blockades by Iran and the United States of the Strait and Hormuz continue complicating oil trade.
- Despite the recent gasoline decrease, diesel costs remain near record highs, while California, Hawaii, and Washington are the only states with average gas prices above $5 per gallon.
- Treasury Secretary Scott Bessent told the press corps he is "optimistic that during the summer we will see gas with a $3 in front of it" if the straits reopen.
- Prices remain significantly higher than this time last year, as crude oil has surpassed $100 per barrel several times in recent weeks, continuing to pressure supply chains.
15 Articles
15 Articles
Gas Prices Dip Slightly as Global Tensions Continue to Influence Energy Markets - Dodge City Daily Globe
Mark SheltonDodge City Globe The national average price for a gallon of regular gasoline declined by seven cents over the past week, settling at $4.09,… Login to continue reading Login Sign up for complimentary access Sign Up Now Close
abc10 Sacramento
Gas prices drop again, dipping closer to $4 per gallon
Gas prices fell again Friday, with oil markets reacting to news of a 10-day ceasefire between Israel and Lebanon. Here's what we know about the trend. (AP Photo)
Gasoline prices soften in N.J. as price dips under $4 per gallon
The national average for a gallon of regular gasoline slid 7 cents over the past week to $4.09, Voorhees-based AAA South Jersey said on April 16. After last week’s announcement of a two-week ceasefire between the U.S. and Iran, the price for a barrel of crude oil continued to trade below $100. However, maritime traffic transiting the Strait of Hormuz remains subdued as tensions persist and negotiations continue. The national average the price of…
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