Gas prices have been declining since mid-June as demand has fallen to levels not seen since the early days of the pandemic, according to AAA. New data from the Energy Information Administration (EIA) shows that gas demand dropped from 9.25 million barrels per day to 8.54 million per day last week. BUTTIGIEG HIGHLIGHTS DECLINING GAS PRICES AFTER SUGGESTING THEIR RISE WAS GOOD FOR TRANSITIONING TO EVSHowever, there may be some good news for motorists. Recently, crude prices have fallen as concerns of weaker gasoline demand continue. According to AAA, if gasoline demand remains low and crude prices don't spike, pump prices are likely to continue falling.

Source: Fox News August 05, 2022 04:05 UTC