How have gasoline prices changed in the United States this year?

( Spanish) — On August 11, the American Automobile Association (AAA) announced that the average price of a gallon of gasoline in the United States was below US$4. for the first time since march.

This was good news for consumers, as high prices did not seem to give up in the country. In addition to the fact that the average cost of gasoline at the national level had not fallen below US$4 per gallon for four months, in June it increased to such an extent that it reached record $5.02 in the middle of summer vacation.

From this record point in June until now, prices at gas stations they are down 21%, as drivers cut back on spending and fears of an economic downturn threatened to dampen demand. Despite this decline, prices are still 25% higher than last year at this time.

But the current decline is at least an advance. The price of gasoline at the national level has remained below US$4 until this week. The AAA notes that this Tuesday the average cost in the US is US $ 3,949.

Due to these drops in price, it is expected that before the end of the year the cost of a gallon of gasoline will drop below US$ 3 in much of the country.

Waiting for that to happen, we present in this table what has been the evolution of the average price of gasoline in the United States so far in 2022.

With information from Anna Cooban, Matt Egan and Chris Isidore.