Lower U.S. Gasoline Prices Due to Increasing Inventories: EIA

Average weekly U.S. gasoline prices have lost 19 cents per gallon (gal) in value since the 2024 high recorded on April 22 to $3.48/gal on July 1, according to a July 2 report published by the U.S. Energy Information Administration.  The price decline can be attributed to rising gasoline stocks, relatively subdued demand and comparatively…...