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Business Maverick: US Gasoline Prices Have Fallen Every Day Since Mid-June

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Gasoline prices are on the biggest streak of declines since 2015, a relief for both consumers and President Joe Biden who has made fighting inflation a central theme ahead of November midterm elections.

US pump prices are averaging $3.892 a gallon after reaching a record high of $5.016 a gallon in mid-June and have fallen for 70 straight days, according to auto club AAA. Prices haven’t fallen that many days since January 2015.

The price drop is a welcome respite for consumers after fuel costs earlier this summer forced many to

 

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