US Gasoline Prices Fall Below $4, Soothing Inflation Pressure
- Average nationwide pump price declines to $3.99 a gallon: AAA
- Lower crude costs and softening fuel demand all contributing
Customers refuel in El Paso, Texas, US.
Photographer: Paul Ratje/BloombergThis article is for subscribers only.
US average retail gasoline prices fell below $4 a gallon to the lowest since early March, according to data from AAA.
Prices were at $3.99 in figures released Thursday, continuing an eight-week downward trend. Costs have fallen with cheaper oil and the slump in fuel demand, which is lower than last year by every measure.