Fact Check Team: Why are gas prices dropping?

Gas Prices News

Fact Check Team: Why are gas prices dropping?
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The national average for a gallon of gas has dropped by about 20 cents since May, and is almost fifty cents lower than this time last year.

FILE - A customer stops for fuel at a gas station in Northbrook, Ill., on April 18, 2024. Gas prices are once again on the decline across the U.S., bringing some ease to drivers at a time of year when it usually costs a little more to fill up your tank. has dropped by about 20 cents since May, and is almost fifty cents lower than this time last year, according tosay there are a number of things driving gas prices down, one being the fact that hurricane season has been pretty mild.

According to AAA, California has the highest prices at an average of $4.59 per gallon, and Mississippi has the lowest at $2.93 per gallon. Local taxes and fees play a big part in the price disparity. For example, California has the highest state gas tax in the nation, so they naturally see much higher prices at the pump.

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