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According to the U.S. data, the national average price of a gallon of gas fell for 10 consecutive days to $3.74 on Thursday. gasbuddyAs demand cools and many major oil refineries in California and the Great Lakes states are back online.

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Georgia boasts the cheapest gas in the country, with a gallon costing $3.18 as of Thursday, according to AAA Data, followed by Texas ($3.19), Mississippi ($3.26) and Arkansas and South Carolina ($3.28).

national average is fallen More than 20 cents from its October 11 high of $3.95, although the price is still up 10 cents from its recent September 18 low of $3.64.

Prices fell the most in California, after several refineries that convert oil to gasoline came back online after temporarily closing: a gallon in the state cost $5.64 on Thursday, up from a week earlier. 24 cents lower than and about 80 cents below the summit. $6.42 earlier this month, when Los Angeles set an all-time record ($6.49,

Although the demand for gas has decreased increased Analysts expect a reduction in demand in the coming weeks, as is usually the case with GasBuddy Petroleum analyst Patrick De Haan, from 8.29 million barrels per day to 8.68 million barrels this week, according to the Energy Information Administration. Writing In a statement this week that “seasonality is king in prices, not the wishes or hopes of politicians.”

The fall in prices comes as the Biden administration opened up 14 million barrels of oil from the Strategic Petroleum Reserve for sale in an effort to cut costs ahead of the November 8 midterm election, after selling 180 million barrels in March.

main background

Gas prices hit a record high of $4.33 a gallon in March, as crude oil prices rose amid tight supplies and threats to the global energy market following Russia's invasion of Ukraine - a previous high of $4.11 in July 2008. crossing the level. They peaked in June. $5.01 per gallon, before slowly falling again over a three-month period ending in September. Energy prices and high inflation have been a major issue with Biden in the lead-up to the midterm elections. recommendation with oil companies and gas station owners to cut prices and assuming A ban on US natural gas exports, which he later withdrew. Republican officials, however, along with the House minority leader, have attacked Biden for not doing enough to counter rising prices by expanding US production. Kevin McCarthy (R-California.) accused Biden of escalating "anti-American energy policies."

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Analysts are about a . What will be the effect? decision Last month, OPEC+ oil producing companies reduced production by 2 million barrels per day. California Energy Commission spokeswoman Lindsay Buckley told Forbes The reduction is equivalent to a 1% reduction in supply. Meanwhile, White House officials pushed OPEC to pump more oil in an effort to reduce costs. Americans' views of Saudi Arabia plummeted after OPEC officials announced cuts, with 53% of American adults saying they have a negative view of the world's second-largest oil producer. morning consultation Survey.

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