US national gas price average fell three cents to US$3.09 in week ended Jan. 4 and was 15 cents lower month-over-month; gas demand fell to 7.95 million b/d from 9.17 million b/d last week, while total domestic gasoline stocks rose by 10.9 million bbl: AAA

WASHINGTON , January 4, 2024 (press release) –

The national average for a gallon of gas dipped slightly by three cents since last week to $3.09.  One reason could be lower demand, as fewer people are fueling up after the peak of holiday road travel.

“January is a bit of blah time of year, and gas prices are in the doldrums as well,” said Andrew Gross, AAA spokesperson. “Barring some unexpected shock to the global oil market, gas prices will likely shuffle up and down a few cents for a while.”

For the complete report, including the latest EIA data and oil market dynamics, please visit https://gasprices.aaa.com/like-holiday-decorations-gas-prices-are-coming-down/

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