Record U.S. Gasoline Prices Decline

Record U.S. Gasoline Prices Decline

Gasoline prices in the US have been rising for several weeks now. On June 11, US gasoline prices topped $5 a gallon (about 3.79 liters) for the first time in history. The average price was $5,004. A day earlier, it was $4,986.

Record US gas prices start to decline

Average national fuel prices fell below $5 a gallon. Last week, the index reached an all-time high.

The price of gasoline in the US gradually began decline after a record increase last week to 5.004 dollars (about 3.79 liters) per gallon. On June 17, the national average dropped to $4.99. Analysts predict further declines in fuel costs, media reports.

“Based on current market conditions – they can and do change. The national average price could drop to $4.55-$4.75 per gallon in the coming weeks if trends do not change,” said Patrick DeHaan, analyst at GasBuddy. oil.

Fuel is becoming more expensive all over the world due to growing demand, sanctions against Russia* and reduction in the capacity of oil refineries. Earlier it was reported that such a situation with fuel around the world will continue until 2023.