US national gas price average decreased 2 cents to US$3.46 in week ended Jun. 13, and was 15 cents lower month-over-month; gas demand increased from 8.94 to 9.04 million b/d, total domestic gasoline stocks increased to 233.5 million bbl: AAA

WASHINGTON , June 13, 2024 (press release) –

Another week, another slide in gas prices as the national average for a gallon of gasoline dipped two cents since last Thursday to $3.46. The main reasons for the decline are lackluster gasoline demand and burgeoning 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/

Please note that the gas report will be on vacation next week but will return tan, rested, and ready on 6/27.

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