WASHINGTON, D.C. (June 13, 2024)—Another week has seen a continued decline in gas prices as the national average for a gallon of gasoline dipped by two cents since last Thursday to $3.46. The primary reasons for this decline are low gasoline demand and increasing supply.

“Gasoline demand has trailed 2023 for most of this year, and analysts believe economic uncertainty may suppress demand this summer,” said Andrew Gross, AAA spokesperson. “So, is the typical robust summer driving season a thing of the past? Or is gas demand just taking longer to pick up steam? We may not know until autumn.”

For the complete report, including the latest EIA data and oil market dynamics, please visit: https://gasprices.aaa.com/despite-the-rise-in-temperatures-gas-prices-keep-it-cool/