August 3, 2022 – Gas prices have been extremely volatile this year, with the national average peaking above $5 per gallon in June. However, prices have now fallen for the past seven weeks straight, according to data collected by Gas Buddy.
President Joe Biden today tweeted that the current drop in gas prices is the fastest decline the country has seen in over a decade. The highest recorded average price of a gallon of regular was $5.02 in mid-June, per AAA, which today lists the national average at $4.19 per gallon. That’s a difference of 83 cents.
While a gallon of regular still exceeds $5 on average in states such as Alaska, California, Hawaii, Oregon, and Nevada, there are 19 states where a gallon is offered for under $4.