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Gas prices dropped nearly 20 cents since last week — but experts warn it could spike again
AAA said crude oil declines pushed gas prices lower, but the national average remains well above last year as summer travel demand rises.
- AAA reports national gas prices fell nearly 20 cents this week to $4.356 per gallon on Saturday, driven by declining crude oil costs amid reports of potential peace talks involving Iran.
- Earlier this year, Iranian officials restricted traffic through the Strait of Hormuz, a key global shipping route for roughly one-fifth of the world's oil and gas supply, contributing to elevated fuel prices.
- California currently has the nation's highest average at about $6.04 per gallon, while Indiana holds the lowest at about $3.72, according to AAA; Energy Information Administration data shows demand rose to 9.25 million barrels per day.
- During a Friday meeting at the White House, President Donald Trump discussed a tentative ceasefire agreement to reopen the Strait with national security advisers, though Iranian officials claim no final agreement has been reached.
- AAA warns the situation remains fragile and prices could spike if negotiations break down, with costs elevated compared to recent years as the busy summer driving season begins.
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Krem2 News+12 Reposted by 12 other sources
Gas prices dropped nearly 20 cents since last week — but experts warn it could spike again
The national average for a gallon of gas dropped to $4.35 this week as crude oil prices eased amid reports of possible peace talks involving Iran.
·Spokane, United States
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Gas Prices Slide as Iran Ceasefire Talks Advance, But Relief at the Pump May Be Slow
American drivers are seeing some relief at gas stations after prices dropped sharply over the past week, driven by falling oil prices amid renewed diplomatic efforts to extend the ceasefire with Iran and restore commercial traffic through the Strait of Hormuz. Despite the decline, fuel costs remain significantly higher than they were before the conflict erupted. According to AAA, the nationwide average price for regular gasoline stood at $4.356 p
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Total News Sources14
Leaning Left1Leaning Right0Center12Last UpdatedBias Distribution92% Center
Bias Distribution
- 92% of the sources are Center
92% Center
C 92%
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