U.S. Gas Prices Fall for 10 Straight Weeks

Seasonal dip in demand, easing inflation, and declining oil prices contribute to the decrease, but future volatility remains a possibility.

U.S. gas prices have fallen or remained steady for the last 10 weeks, with the national average now just below $3.25, down 25 cents from a month ago and 30 cents less than this time last year.
The decline in gas prices is attributed to a recent decline in oil prices, a seasonal dip in demand, and easing inflation.
Each penny decline in the national average saves motorists close to $3.8 million, meaning Americans are spending hundreds of millions less on gasoline today than they were a year ago.
Despite the drop, the global energy market can be volatile and lower gas prices down the road aren't promised.
While the downward trend in gas prices is expected to continue at least into the New Year, anything's possible, including potential cuts from major producing OPEC+ countries.