Gasoline Prices Sink to Lowest Since 2021 on Soft Demand, Supply Boost

 

The cheapest gasoline in 2 1/2 years is set to drive spending for US consumers this holiday shopping season.

A gallon of regular gasoline now costs $3.087, down more than 10 cents from a year ago and the lowest since late-June 2021, according to data from the American Automobile Association. Fuel prices have steadily declined since the summer driving season ended in September, largely tracking losses in oil as well as reflecting soft seasonal demand and growing supplies.

https://www.bloomberg.com/news/articles/2023-12-15/gasoline-prices-sink-to-lowest-since-june-2021-in-boon-to-us-consumers