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Some States Finally See Average Gas Price Dip Below $4 a Gallon

The slow march downward for gas prices is continuing across the country. Now, the average price of a gallon of gas sits at a comparatively low $4.47 for a gallon of regular, according to AAA. In some parts of the country, though, that number is even lower.

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Nationwide, gas prices continue their slow decline. According to AAA, the current national average price for a gallon of regular gasoline is $4.47. However, that figure is even lower in some regions of the United States.

Four states now have gas prices at or below $4 per gallon, the first time that’s happened since May 18th.

It’s good news for American motorists, who have suffered greatly at the pump since Putin’s invasion of Ukraine disrupted supply around the world. The average price of gasoline is now $4.47, down significantly from its record high of $5.02 on June 19.

The AAA representative gave an explanation for the decrease.

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According to AAA spokesman Andrew Gross, “global economic headwinds are pushing oil prices lower, and less expensive oil leads to lower pump prices.” Even though we’re in the middle of the summer driving season, Americans are buying less gas than usual. Because of these two factors, gas prices have been steadily declining recently. EIA reports that last week, gas demand fell from 9.41 million b/d to 8.06 million b/d, while total domestic gas stocks rose by 5.8 million bbl. Reduced demand and falling oil prices have contributed to lower gas prices. Drivers can expect continued lower gas prices as long as these supply and demand conditions remain unchanged.

This is fantastic news for shoppers in the United States, but we still have a ways to go before we see prices like they were a year ago. When I was a kid, the price of a gallon of gas was only $3.17. On this day in 2021/2021, the national average price of a gallon of premium was $3.79. That’s considerably less than the current price of regular gas and is $1.43 higher than the current average price of premium gas. No one could have prepared us for how good things actually were.

Let’s see how the top and bottom tiers of pricing are doing across the country.

Find out which states have the highest average gas prices per gallon:

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Prices in California: $5.84 for the Regular, $6.07 for the Mid, $6.21 for the Premium, and $6.65 for the Diesel.

Costs in Hawaii are as follows: $5.60 for the regular, $5.79 for the mid, $6.04 for the premium, and $6.11 for the diesel.

Regular in Alaska is $5.30, Medium at $5.57, Premium at $5.74, and Diesel at $5.95.

Pricing in Oregon: $5.25 for the Regular, $5.47 for the Medium, $5.67 for the Premium, and $6.32 for the Diesel

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Regular: $5.22 | Medium: $5.48 | Premium: $5.67 | Diesel: $5.64 in Nevada

Here are the states with the cheapest average gas prices, ranked by the lowest price per gallon of regular:

Pricing in South Carolina: $3.98 for Regular, $4.40 for Mid, $4.73 for Premium, and $5.12 for Diesel

Price range in Texas: $3.98 for regular, $4.38 for mid, $4.70 for premium, and $4.92 for diesel

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In Georgia, prices range from $3.99 for the regular to $4.43 for the midrange to $4.77 for the premium to $5.18 for the diesel.

Regular in Mississippi is $4.00, Medium at $4.40, Premium at $4.74, and Diesel at $5.05.

Louisiana – $4.04 Regular | $4.44 Mid | $4.78 Premium | $5.06 Diesel

Alright, that’s all for now.

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