Gas prices are plummeting nationwide, finally dropping from their peak of $5.02 a gallon in June.
The national average gas price currently sits at $4.13 a gallon, with eight states seeing prices drop underneath $4 a gallon.Currently, the average price of a gallon of gas in New York is $4.48 and it is $4.35 in New Jersey. In Connecticut, the average price has fallen to $4.31.
The nation's cheapest gas can be found in Texas, where a gallon of regular is currently $3.69 on average. "Consumers appear to be taking the pressure off their wallets by fueling up less," AAA spokesperson Andrew Gross said. "And there’s reason to be cautiously optimistic that pump prices will continue to fall, particularly if the global price for oil does not spike. But the overall situation remains very volatile."
President Joe Biden tweeted earlier this week that the current drop ofin gas prices is the fastest the nation has seen in over a decade. However, Biden's critics didn't miss an opportunity to point out that gas is still nearly $2 a gallon more expensive than it was when Biden took office."If gas demand remains low as stocks increase, alongside a continuing reduction in crude prices, drivers will likely continue to see pump prices decline," AAA said.
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