Gas Prices Are Set To Drop Below $3

[Coexist]

https://jalopnik.com/gas-prices-are-set-to-drop-below-3-1851682974

According to data from GasBuddy, gas prices have been trending downward for two weeks. It’s sitting at $3.07 right now, which is a drop of nearly 40 cents from this time last year. Yet, GasBuddy warns against blaming the drop on domestic politics. Instead, it’s foreign policy that’s dictating prices:

“The national average price of gasoline has continued its decline over the last week, as expected, as oil prices have sunk due to Israel avoiding attacks on Iran’s oil infrastructure, and seasonal decreases in demand are pushing gasoline lower, as is normal for this time of year. In addition to gasoline prices falling to their lowest level since January, the average price of diesel has now fallen to its lowest level in over three years,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While many Americans may incorrectly credit the upcoming election for the declines, politicians have little influence over the strong seasonal forces that drive prices lower in autumn. With winter gasoline soon to reach the rest of California, and demand continuing to decline as Americans grapple with colder weather, the drop in demand is pushing gas prices down — not politicians on either side, as much as they might like to think they do. I expect the decline in gas prices will continue into and even beyond the upcoming election.”