US gas prices dropped again

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US gas prices have fallen for 21 days in a row, even amid war in Ukraine and summer driving season.

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The current US average for a gallon of gas is $4.800, down from $4.881 a week ago, but well above year-ago prices of $3.134.

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Prices at the pump have decreased for 21 consecutive days, according to AAA data.

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Consumption for the fuel has hit its lowest point for this time of year since 2014, excluding 2020.

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Stockpiles of the key commodity have increased by over 4 million barrels during the last two weeks, according to Bloomberg

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The recent market trends bode well for President Joe Biden as he faces limited policy options on lowering fuel costs.

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JPMorgan analysts forecasted that gas could surge above $6 a gallon on average in the US.

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US gas prices dropped again

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US gas prices have fallen for 21 days in a row, even amid war in Ukraine and summer driving season.

US gas prices have fallen for 21 days in a row, even amid war in Ukraine and summer driving season.

The current US average for a gallon of gas is $4.800, down from $4.881 a week ago, but well above year-ago prices of $3.134.

The current US average for a gallon of gas is $4.800, down from $4.881 a week ago, but well above year-ago prices of $3.134.

Prices at the pump have decreased for 21 consecutive days, according to AAA data.

Prices at the pump have decreased for 21 consecutive days, according to AAA data.

Consumption for the fuel has hit its lowest point for this time of year since 2014, excluding 2020.

Consumption for the fuel has hit its lowest point for this time of year since 2014, excluding 2020.

Stockpiles of the key commodity have increased by over 4 million barrels during the last two weeks, according to Bloomberg

Stockpiles of the key commodity have increased by over 4 million barrels during the last two weeks, according to Bloomberg

The recent market trends bode well for President Joe Biden as he faces limited policy options on lowering fuel costs.

The recent market trends bode well for President Joe Biden as he faces limited policy options on lowering fuel costs.

JPMorgan analysts forecasted that gas could surge above $6 a gallon on average in the US.

JPMorgan analysts forecasted that gas could surge above $6 a gallon on average in the US.

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