Gas costs are lastly falling, however by how a lot?

Exxon gas prices for 2022. July 29 Houston, Texas. (Photo by Brandon Bell/Getty Images)

Gas prices According to American Automobile Association.

The national average gas price is currently $4.13 a gallon, with prices falling below $4 a gallon in eight states.

Gas prices peaked at $5.02 a gallon in June.

Currently, the average price of a gallon of gas in New York is $4.48 and $4.35 in New Jersey. In Connecticut, the average price dropped to $4.31.

The cheapest gas in the country can be found in Texas, where a regular gallon currently costs an average of $3.69.

“Consumers seem to be taking the pressure off their wallets by generating less fuel,” AAA spokesman Andrew Gross said. “And there is reason to be cautiously optimistic that pump prices will continue to fall, especially if the global oil price does not jump. But the overall situation remains very volatile.”

President Joe Biden tweeted earlier this week that the current drop in gas prices is the fastest in the country in more than a decade.

But Biden’s critics have been quick to point out that gas is still nearly $2 a gallon more expensive than it was when Biden took office.

That said, gas prices may continue to decline in the future.

“If gas demand remains low amid rising inventories and crude oil prices continue to decline, motorists will likely continue to see pump prices decline,” AAA said.

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