US gas prices have fallen or remained steady for 10 weeks straight. Here’s why

Published November 28, 2023 5:46 PM

By WYATTE GRANTHAM-PHILIPS
AP Business Writer

NEW YORK (AP) — It’s not just you. Across the U.S., prices at the pump have felt milder in recent months. Gas prices have fallen or remained steady since September 19 — marking about a 70-day trajectory of decline. That’s according to Andrew Gross, a spokesperson for motor club AAA. As of Tuesday, the national average for gas prices stood just below $3.25. That’s down 25 cents from a month ago and 30 cents less than this time last year. Experts point to recent declines in oil prices and a seasonal dip in demand, which is projected to continue in the coming months. A change in trajectory is always possible of course — particularly if there are shifts in the larger global market.

Article Topic Follows: AP National

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