CLOSE
Man Refuels His Car at Gas Station

Source: Grace Cary / Getty

Gas prices continue to drop – though they remain high.

The average price of a gallon of gas in the U.S. is now $4.54 – down 32 cents over the last two weeks and down 55 cents over the last six weeks.

The price is still $1.32 higher than it was a year ago.

Experts say cheaper crude oil and wholesale prices are behind the drop.

Industry analyst Trilby Lundberg of the Lundberg Survey said that the continued decline comes as crude oil costs also fall.

“Further drops at the pump are likely as the wholesale gasoline price cuts continue making their way to street level,” Lundberg said in a statement.

Have you noticed gas getting cheaper?  Does it change your plans for the rest of the summer?

 

LIKE US ON FACEBOOK. FOLLOW US ON INSTAGRAM AND TWITTER.

HEAD BACK TO THE MIX1079.COM HOMEPAGE

Get Breaking News & Exclusive Contest in Your Inbox: