Average U.S. Gasoline Price Dips below $4 for First Time since July

The average price of regular gasoline in the United States dropped below $4 per gallon for the first time since the middle of July, amid a decline in international crude oil prices and a seasonal drop in demand. 9788 per gallon, according to AAA data. 3669 per gallon a month ago, but well above the seasonal norms.

0707 a gallon. Gasoline prices have been falling in recent weeks amid lower driving demand, but prices are still about 20% above the seasonal average. S. 70 per gallon by Thanksgiving or so, Patrick De Haan, head of petroleum analysis at GasBuddy, said late on Monday. Prices "may sink beyond that if the geopolitical situation remains in balance," the analyst added.