Reported 4 months ago
Gasoline prices in the US dropped by $0.06 per gallon, marking the largest weekly decline of 2024, attributed to falling crude oil prices. While analysts anticipate further decreases, a potential increase in prices is expected around August due to possible storms disrupting production near the Gulf of Mexico. Oil prices are down over 14% from their peak in April, with expectations that fuel price disinflation will be a significant trend in June 2024.
Source: YAHOO