“Gasoline prices in the United States have fallen for 57 straight days since they peaked at more than $5 a gallon last June,” the New York Times notes.
Recall that back in mid-June, the average price of gasoline in the United States for the first time exceeded $ 5 per gallon.
However, prices have since fallen and are now hovering around $4 a gallon.
According to the New York Times, three factors were the main drivers of this decline: weaker demand (due to high costs, many Americans are driving less) – the fall in global oil prices in recent months – and the movement of a number of US states. (Maryland, Georgia, Connecticut, Florida, California, etc.) to temporarily suspend/remove gasoline taxes (reason for taxes that were about 25 to 35 cents per gallon).
According to the New York Times
Source: Kathimerini
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