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GasBuddy data reported by GantNews puts the national average gasoline price at $4.12 per gallon after a weekly decline of 17.1 cents. The average is 24.7 cents below its level a month ago, but $1.13 above its level a year ago. GasBuddy’s head of petroleum analysis credited the end of refinery maintenance and fading seasonal demand, while prices fell in nearly every state. Oil dipped nearly $2 in Sunday trading, though volatility could return after the election depending on events around the Strait of Hormuz.

Disclosure: This video contains stock footage and content created or enhanced using AI-assisted tools.

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00:00Drivers are finally getting some relief at the pump.
00:02GasBuddy data shows the national average fell 17.1 cents in a week.
00:07Gas now averages about $4.12 a gallon.
00:10That's down nearly 25 cents from a month ago.
00:13But it's still $1.13 higher than a year ago.
00:16Prices fell in nearly every state over the past week.
00:19Diesel declined in most states, too.
00:21GasBuddy points to refinery maintenance wrapping up.
00:24Seasonal demand is also fading as cooler weather arrives.
00:27Oil slipped nearly $2 in Sunday trading.
00:30West Texas crude sat near $100 a barrel, with Brent near $111.5.
00:36The data comes from over 11 million weekly price reports at more than 150,000 stations.
00:42Volatility could return quickly after the election, though.
00:45Events around the Strait of Hormuz will likely steer prices into the holidays.
00:50For now, the trend is down.
00:52Disclosure.
00:52This video contains stock footage and content created or enhanced using AI-assisted tools.
00:57The test goes on.
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