Gas prices this past weekend dropped by over 10 cents a gallon – amid lower demand and decreasing oil prices on the global market.
The national average price for a gallon of regular gasoline was $4.72, down 12 cents from last week, according to the Associated Press. Drivers were paying $3.14 a gallon on average a year ago at this time.
Prices increased drastically after the start of Russia’s invasion in February of Ukraine, disrupting energy supplies worldwide.
Analysts say the recent drop in prices at gas stations could last only a short time because demand will soon increase as motorists hit the road during the peak of the summer driving season, the wire service also reports.
Reporting from Just the News.