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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.

Customers refuel in El Paso, Texas, US.

Photographer: Paul Ratje/Bloomberg
Updated on

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