What Has Happened For 12 Straight Weeks? Our Gas Prices Have Dropped!
No doubt for a fair amount of time we have been concerned about the price of gas. It was the highest it had been since George W Bush was in office. There were a number of factors that led to this, and depending on who you get your news from, you may have an opinion on it.
The President has never had control over the prices of gas, it is all based on supply and demand. There are things that potentially that can be done to help with that. When the world was shut down during the pandemic, very few people were driving, so the prices were much lower.
Well here is some good news. For 12 consecutive weeks, the average gas price has fallen. This is the longest streak since 2018. The national average price of gasoline has fallen 7.7 cents per gallon in the last week, averaging $3.75 a gallon on Tuesday. The national average is down 29.5 cents per gallon from a month ago and stands 57.6 cents per gallon higher than a year ago. You can read more HERE.
The embedded tweet above comes from Patrick De Haan who is the head of petroleum analysis at GasBuddy. If you have not downloaded this free app, I would highly encourage you to do so. If you travel anywhere, you can use your phone to find the cheapest price of gas in the area you are at.
We are fortunate in Missouri that our state has always had one of the lowest prices per gallon for gas. If you fill your tanks, you may see a few extra bucks in your wallet. Hopefully this trend will continue. If it does, I wonder what will happen in the winter when not as many people will be on the road, because of the weather. I have been happy to see the prices a little lower. Aren't you?