9 articles | last updated: Jun 11 19:27:54
Experts attribute the decline to reduced demand, increased supply, and stable oil prices.
- The national average for gas prices fell to $3.44, down 9 cents from last week.
- Current prices are over 14 cents lower than this time last year.
- Reduced demand post-pandemic and increased refinery output are key factors.
- The Biden administration released 1 million barrels from a reserve to help lower prices.
- Experts predict prices could continue to fall, barring major disruptions.
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