Gas prices decrease as oil costs drop

Gas prices decrease as oil costs drop

Banking & Financial Services
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Marshall L. Doney President and CEO | AAA, FL

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Gas prices have decreased slightly, with the national average for a gallon dropping by one cent to $3.11. This reduction is attributed in part to lower oil prices. However, drivers may experience some variability at the pump as markets and retailers respond to news of tariffs and the seasonal switch to summer-grade gasoline, which incurs higher production costs. Meanwhile, the national average cost per kilowatt hour of electricity at public EV charging stations remains unchanged at 34 cents.

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