Average Gas Price Falls Back Below $5 A Gallon — And Could Keep DroppingThe average price for a gallon of regular gasoline in the U.S.
fell to just under $4.99 on Saturday, according to AAA, marking the first weekly decline in nine weeks as oil prices have fallen back from multi-year highs.
The
average gas price hit $5 a gallon in the U.S. for the first time one week ago, peaking on Tuesday at around $5.02.
Prices fell the
fastest in Northeastern and Mid-Atlantic states, led by more than 4 cent declines on average over the past week in New Jersey and Maryland.
Prices also fell quickly in places where gas is most expensive, like the San Francisco Bay area and Chicagoland.
Gas in
San Francisco is now
$6.58 a gallon on average, down from $6.64 on Monday, while the average price in the
Chicago metro area is around
$5.87, down from a high of $5.92 last week.
