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Have gas prices already peaked for the summer?


Have gas prices already peaked for the summer?

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Gas rates are falling for the very first time in weeks as demand at the pump reduces.

Analysts have actually observed that the cost of gas may have reached a peak for the summertime season. The nationwide average for a gallon of gasoline this week sits almost a complete dollar listed below the typical rate a year ago as motorists were rattled by the Russian invasion of Ukraine and its impact on oil rates.

" While it's possible we might go higher later on this summertime needs to a significant cyclone target sensitive facilities, it appears the chances that the nationwide average will miss out on the $4 per gallon mark are rising," GasBuddy analyst Patrick De Haan said in a statement.

A gallon of gas was $3.63 on average, according to AAA gas cost data. Stacker compiled stats on gas rates in Nevada. Gas prices are since April 28.

– Record high typical diesel rate: $6.04 (6/18/22).

States with the most costly gas.

# 1. California: $4.88.

# 2. Hawaii: $4.78.

# 3. Arizona: $4.70.

States with the least expensive gas.

# 1. Mississippi: $3.11.

# 2. Arkansas: $3.21.

# 3. Texas: $3.21.

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Elwood Hill
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Elwood Hill

Elwood Hill is an award-winning journalist with more than 18 years' of experience in the industry. Throughout his career, John has worked on a variety of different stories and assignments including national politics, local sports, and international business news. Elwood graduated from Northwestern University with a degree in journalism and immediately began working for Breaking Now News as lead journalist.

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