A happy face balloon floats near a price board at a Shell gas station displaying gas prices in San ... [+] Bruno, California on June 30, 2008. (Photo by Justin Sullivan/Getty Images) Getty ImagesKey FactsThe average gas price hit $5 a gallon in the U.S. for the first time one week ago, peaking on Tuesday at around $5.02. Prices also fell quickly in places where gas is most expensive, like the San Francisco Bay area and Chicagoland. Gas in San Francisco is now $6.58 a gallon on average, down from $6.64 on Monday, while the average price in the Chicago metro area is around $5.87, down from a high of $5.92 last week. Georgia continues to have the lowest gas prices in the nation, on average $4.48 a gallon, which is a slight rise from $4.47 a gallon there one week ago.

Source: Forbes June 18, 2022 20:56 UTC