Gas Prices Continue to Drop Amid Global Tensions

Gas prices in the United States have dropped by about 35 cents per gallon from their peak in mid-September, with the national average currently at $3.52. Some states, such as Georgia and Mississippi, have seen prices fall below $3 per gallon. The decline is attributed to a drop in the cost of crude oil and decreased demand as the summer traveling season comes to an end. Gas consumption has also fallen below typical fall levels, possibly due to higher prices and elevated inflation. Experts predict that gas prices will continue to decline, with a potential drop of another 15 cents by the end of 2023. However, the volatile nature of oil prices and the Israel-Hamas conflict could impact future prices.