Gas prices: Drop 17 cents per gallon in one week as decreases at the pumps continue The national average price for regular gasoline has decreased by 17 cents in one week to $4.22 per gallon, marking two consecutive weeks of declines attributed to reduced U.S.-Iran tensions. While prices are still higher than earlier in the year, relief is spreading nationwide, with 18 states now reporting averages below $4 per gallon. Regional price variations persist, with Southern states generally having lower prices and Western states having the highest.

• National average gas price dropped to $4.22 per gallon, down 17 cents in one week.
• Gas prices have declined for two consecutive weeks, linked to decreased U.S.-Iran hostilities.
• Prices have fallen 27 cents since May 26 and 34 cents from the May 21 record high of $4.564.
• 18 states now have average gas prices below $4 per gallon, a significant change from 16 days prior.
• Geopolitical news surrounding Iran, including rumors of a peace deal, is theorized to be contributing to the price drop.
• Gas prices historically fluctuate due to factors like winter weather and military conflicts.
• Regional price disparities remain, with Southern states typically having the lowest prices and Western states the highest.
• Indiana has the lowest gas prices at $3.517 per gallon, while California has the highest at $5.948 per gallon.