AAA: National Average Gas Price Drops Below $4 for the First Time Since July, Falling Nearly 20 Cents in a Week to $3.90
The national average price for a gallon of regular gasoline fell nearly 20 cents in the past week to $3.90, dropping below $4 for the first time since July, AAA said in its weekly fuel report released November 12. The daily national average had first slipped under $4 on November 10, at $3.98, ending a 113-day stretch at or above $4 that was the second longest on record.
AAA attributed the decline to lower crude oil prices, stations switching to cheaper-to-produce winter-blend gasoline, and softer autumn demand. Data from the U.S. Energy Information Administration showed gasoline demand easing to 8.76 million barrels per day from 8.80 million, while West Texas Intermediate crude rose 49 cents to settle at $86.53 a barrel on November 11. The national average cost of electricity at a public EV charging station held steady at 42 cents per kilowatt hour.
The drop comes just ahead of the busy Thanksgiving travel period, offering drivers some relief at the pump. AAA cautioned, however, that even after the decline, this month remains the most expensive November on record for gasoline; a year ago the national average was $3.08. (Source: AAA)
Source: AAA
Published by GSM · USA (original Chinese edition)
Photo: 图片来源：Wikimedia Commons「Fuel pumps at a Pilot Flying J gas station in Cleveland, Tennessee.jpg」（Harrison Keely 摄，CC BY 4.0），图中为田纳西州Cleveland一家Pilot Flying J加油站的加油泵 Image: Wikimedia Commons "Fuel pumps at a Pilot Flying J gas station in Cleveland, Tennessee.jpg" (by Harrison Keely, CC BY 4.0), Fuel pumps at a Pilot Flying J gas station in Cleveland, Tennessee
