The country’s average fuel price has fallen below $5 a gallon. Last week, the figure reached an all-time high.
The price of gasoline in the US after a record increase to $5,004 per gallon (almost 3.79 liters) last week began to decline. On June 17, the national average fell to $4.99. Analysts predict a further decline in fuel costs, writes CBS News.
“Based on the current market situation, they can and do change. In the coming weeks, the national average could fall to $4.55-4.75 a gallon if trends do not change,” – said GasBuddy analyst Patrick De Haan.
A small drop in prices is associated with lower crude oil prices.
Gasoline prices in the United States have been rising for several weeks. On June 11, gasoline prices in the United States for the first time in history exceeded $5 per gallon (almost 3.79 liters). The average price was $5,004. Despite the fact that the day before, the price was $4,986.
Fuel is becoming more expensive around the world amid rising demand, sanctions against Russia and reduced processing capacity. Earlier, it was reported that this situation with fuel around the world will remain until 2023.
