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Less Demand Fuels National gas Price Drop to Below $4 per Gallon

(The Center Square) – The national average price for a gallon of gas fell below $4 on Thursday for the first time since March, according to AAA, in large part because of decreased demand as motorists drive less.

After hitting an all-time high of $5.02 per gallon in June, the national average price has now fallen just below $4 to $3.99, marking 58 consecutive days of declining gas prices.

According to the U.S. Energy Information Association, however, the gasoline demand is about 3% lower than it was a year ago, indicating that the decrease in gas prices has failed to draw consumers back to the pump after many have shifted driving habits. A survey by AAA reports that almost a third (64%) of U.S. adults have changed their driving habits since March.

(The Center Square) – The national average price for a gallon of gas fell below $4 on Thursday for the first time since March, according to AAA, in large part because of decreased demand as motorists drive less.

After hitting an all-time high of $5.02 per gallon in June, the national average price has now fallen just below $4 to $3.99, marking 58 consecutive days of declining gas prices.

According to the U.S. Energy Information Association, however, the gasoline demand is about 3% lower than it was a year ago, indicating that the decrease in gas prices has failed to draw consumers back to the pump after many have shifted driving habits. A survey by AAA reports that almost a third (64%) of U.S. adults have changed their driving habits since March.