Gas prices are on the decline for the 12th consecutive week, which is the longest streak since 2018, according to “Gasbuddy”. The National average price of gas has fallen to $3.75, which is down 29.5 cents from a month ago, but is still 57.6 cents higher than a year ago.
Gas analysis experts are hopeful the decrease in gas prices will continue into the fall, but could be contingent upon what happens in the tropics, saying it’s the first time in 25 years that a named Atlantic storm did not develop in August. That’s the good news, but we still have another month of peak hurricane season and these storms can affect gas prices by disrupting oil production and refining. The switch to winter gasoline will happen in just over a week and should provide some additional relief at the pumps.
