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U.S. Gas Prices Continue to Fall as Drivers See Relief at the Pump

Gas prices across the U.S. continue to trend downward, with the national average now at $2.73 per gallon. That’s slightly lower than last week and significantly cheaper than both a month ago and this time last year. While most areas didn’t see major price changes, a handful of states that follow price-cycling patterns experienced short-term increases.

According to GasBuddy analyst Patrick De Haan, concerns surrounding Venezuela’s oil situation aren’t expected to affect prices anytime soon, as any meaningful production changes there would likely take years to materialize. For now, fuel prices remain seasonally low, though gradually rising oil costs could lead to modest increases in the near future.

Regionally, prices averaged $2.74 on the East Coast, $2.60 in the Midwest, $2.38 along the Gulf Coast, $2.42 in the Rocky Mountain region, and $3.65 on the West Coast, with both coasts seeing slight decreases.

The cheapest gas can currently be found in states like Oklahoma, Arkansas, Texas, and Kansas, where prices range from about $2.23 to $2.41 per gallon, followed closely by Missouri, Mississippi, Louisiana, Tennessee, Alabama, and Iowa, all staying under $2.50.

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