-August 25,2021-
Gas prices are down in the past week as the extended price rise is over now.For the second straight week the nation’s average gas price has fallen, declining 3.3 cents per gallon from a week ago to $3.14 per gallon today according to GasBuddy.In California the trend is down but not yet dramatic.
But watching wholesale prices, analyst predict prices at the pump are in for a steady decline by September. As stations get a new supply you should feel the relief .Already they are paying at least 3 cents less than week earlier. Analyst Tom Kloza expects as much as 40-50 cent drop in retail prices by fall. AAA spokesperson Jeanette McGee says “Cheaper crude, softening demand and growing stock levels equal the right combination for cheaper prices at the pump, which many Americans would likely welcome after such an expensive summer.”