As of August 4th, gas stations in Oklahoma and Kansas are selling unleaded for $2.99, according to Patrick De Haan of GasBuddy.Compared to the national average of $4.09, 21 states sell gasoline for less than $4 a gallon.
Many gas stations sell gasoline at $2.99 per gallon.Next week, he projected, "the national average will drop to $3.99 a gallon, and if we avoid storms, to $3.59."
On August 5, the Loves Travel Stop in McPherson, Kansas, offered regular unleaded gasoline for $2.99.On August 4, the 7-Eleven in Oklahoma City reduced its prices to $2.99.
The price of crude oil fell to its lowest point on August 4 since Russia invaded Ukraine. A possible recession was foreseen by the futures market, which might lower consumer demand.
Due to "tight stockpiles and low gasoline imports" as well as the fact that it depends on outside supply to meet demand, the Northeast has experienced the smallest drops, he continued.