After peaking for many months, gasoline prices have finally declined. Almost 25 states have now recorded the prices as low as $4 on average. It is known that the national gas average hit a historic high of $5.01 on June 14th. However, the prices have been declining consistently over the last 2 months and the prices finally reached an average of $4.059 on August 8th.
Some states like California still have the highest rate of $5.446 per gallon as of Monday, 25 states have recorded an average of less than $4 per gallon. Some of the 25 states include Texas ($3.501), Oklahoma ($3.536), South Carolina ($3.568), Arkansas ($3.571), Tennessee ($3.589), Georgia ($3.597), Mississippi ($3.591), Alabama ($3.617), etc.,
US President Joe Biden celebrated the decline in gasoline prices on Twitter. He posted, “More than half of all gas stations across the United States now offer gas for less than $4 a gallon.”
