Axios
US · 5 hrs ago
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Gas prices are dropping — but they're still high
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← Left ⚠ Misleading headline
US gas prices have declined slightly to $4.39 per gallon but remain significantly higher than the previous year, with geopolitical tensions affecting market unpredictability.
Gas prices are dropping — but they're still high
Data: AAA; Chart: Ben Geman/Axios
Pain at the pump is easing, but gas is far costlier heading into the summer than last year — and what comes next is wildly unpredictable.
Why it matters: High gas prices are the most visible economic effect of the Iran war for many Americans grappling with inflation.
Driving the news: The U.S. average price for regular is $4.39 per gallon on Friday, per AAA — down 16 cents over the last week as the U.S. and Iran closed in on a possible deal to extend the ceasef
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