Gas Prices in U.S. Slowly But Surely Begin to Fall

The average price motorists in the United States are paying for gas is slowly declining from recent all-time highs, not adjusted for inflation.

The average cost of a gallon of regular-grade gas at the pump at the start of the week was $4.17, according to figures from the U.S. Energy Information Administration. This is down $0.061 from one week earlier although it is up $1.313 from the same period in 2021.

The price of diesel fuel, however, continued to climb. A gallon of diesel cost on average $5.144 at the start of this week, up $0.041 from one week earlier and up a rather startling $2 from the same period in 2021.

In California, gas prices continue to be the highest in the nation.  Writing about gas prices at a remote filling station near Big Sur on Wednesday, Matt Shupe, a California resident, posted a photo showing the price of regular at $8.79 per gallon and the price of premium at $9.79.  Elsewhere in the state, prices are still the highest in the country but the average price is $5.80 for regular and $6.154 for premium.

Elsewhere in the country, the average cost of a gallon of regular was $4.27 in Philadelphia, $4.14 in New Jersey, $4.04 in Delaware, and $4.27 in New York City.

(Photo: Accura Media Group)