Gas prices haven't been this low since July 2021 | CNN Business

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The national average for regular gasoline dropped to $3.14 a gallon on Monday, according to AAA. Gas prices haven’t been this low since July 2021.

After moving steadily higher last year, pump prices spiked early in 2022 following Russia’s invasion of Ukraine. The national average topped out at an all-time record of $5.02 a gallon in June. But prices have since cooled off and the decline has accelerated in recent weeks. The national average for regular gas has tumbled 12 cents in the past week and 54 cents in the past month, according to AAA. It’s 17 cents cheaper, on average, to buy gas than the same date last year.

Twenty-one states already have averages below $3 a gallon, including Ohio, North Carolina and Colorado, according to AAA. In California, the state average for regular gas has dropped to $4.38, down from a record of $6.44 in June. The plunge in gasoline prices has been driven by a variety of factors, including soft demand, recession fears, rebounding supply and the absence of a major disruption to Russia’s oil flows.

 

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What were they in July 2020? Didn't Biden say multiple times that the President has no control over gas prices?

I remember when gas prices in 2016- 2019 was less than 3 dollars a gallon.

But still higher than before The Big Guy took office.

In Kenya gas prices are still very high despite internationally dropping

And they still suck. What’s your point!

Will they ever get back to the low prices President Trump had them at ?

It's called the demand is down don't get your hopes up too high. We will have another surge guaranteed

Still 2/3 more than it was under President Trump. Don’t worry libs, it’s going to go back up.

Border into please

Awesome. Joe is doing such a good job!

TwitFI 😊😊😊

It's like CNN gets the same notes KPJ has in her binder, which is also tweeted multiple times daily from POTUS and WH re gas prices. Garbage reporting. There's a slightly bigger story to consider covering right now...more than one actually.

That's a weird way of saying that it's still a lot higher than Trump's last year....

Thank you President Biden

It looks like we’ve come full… circle?

The Putin price drop, right?

I don't know where these 'average' numbers are coming from, but if the AZ numbers are 3.40, that means the other end has gas at 2.90. I want to know where those places are.

Still higher than 2020 , cause by, let’s see Virus 🦠, Supply shortage , Russia, all no , due to Biden war on oil

They haven't been this low since Biden took office. When Trump was in office it was much lower.

If you couldn't listen any NEWS about Iran in future you have to know that the IR shout down the Internet on us and the one who does it is Arvan Cloud. We will countinue to our protesting and revolution with or without internet but your support make it faster. ▪︎* MahsaAmini

Riverside County is STILL $ 4:99 gallon.🫵🏻🐀🔥.

U remember paying under $ 2.00 under Trump. I remember paying a dollar less for eggs just 16 months ago.

They were lower with Trump

2.59 in Evansville, IN

Will you now admit that 'gas inflation' was all a GOP con to win the election

Wow 😮😂😂👎👎 during Trump gas prices were 1.90 per gallon

We want 1921 prices tho

Rasht, Iran, a huge crowd of revolutionary people in the streets to oust Khamenei and the Islamic Republic 19 December 2022 MahsaAmini Qatar2022 OpIran EU_Commission UNHumanRights UNICEF GermanyDiplo POTUS

$4.69/gallon for me yesterday.

Hogwash!

That is only a year back. Cannot call that such a drop in price!

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