Overview
- AAA and GasBuddy say the national average for regular gasoline has fallen to about $4.15–$4.16 per gallon following three consecutive weeks of declines.
- The Energy Information Administration reports retail diesel has dropped for five straight weeks, with the weekly average near $5.21 per gallon.
- Crude oil has pulled back from spring peaks to roughly $90–$95 per barrel, which, together with stronger refinery output, has reduced wholesale and retail gasoline costs.
- Market analysts warn the relief is fragile because ongoing military action involving Iran and constrained tanker traffic through the Strait of Hormuz could quickly reverse the downward trend.
- Prices remain uneven across the country, with one-day promotions selling gas for $1.99 in some cities while states such as California still show averages above $5 per gallon, leaving many drivers with only temporary relief.