Will Gas Prices Go Down This Year?
- Date: 15-Jun-2022
- Source: Newsweek
- Sector:Oil & Gas
- Country:Saudi Arabia
Will Gas Prices Go Down This Year?
Gas prices have reached new highs over the past few months, surpassing the records set during the global financial crisis in 2008.
The national average for a gallon of regular gas stands at $5.014 on June 15, according to the American Automobile Association. The highest prices tend to be found in California, where the AAA average is $6.435. The state with the lowest average price is Georgia, at $4.499.
The coronavirus pandemic, Russia's invasion of Ukraine and the consequent sanctions imposed on Moscow by America and the European Union have all contributed to the skyrocketing costs of a gallon. So, is there any chance that gas prices will go down this year?
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