Reported about 1 month ago
U.S. gasoline futures have dropped nearly 6% to their lowest point since December 2021, influenced by the end of the summer driving season and a broader decline in oil prices. With October gasoline futures settling at $1.98 per gallon, analysts predict further decreases could bring retail gasoline prices to levels not seen since 2021. This sharp decline is attributed to weak demand and high inventory levels, as well as falling crude oil prices, which settled at $70.34 per barrel.
Source: YAHOO