The national average of US gas prices drops to $4.03
Drivers can breathe a small sigh of relief... for now. The national average gas price has gone down $0.06 since last week to $4.03 per gallon, according to the American Automobile Association.
The national average was at $4.09 per gallon a week ago.
Meanwhile, US crude oil prices have gone under $100 per barrel, which has played a part in helping drive down the cost of gas for customers. But how long the downward trend will continue remains uncertain due to instability along the Strait of Hormuz.
(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)
Gas prices are currently the highest they’ve ever been this time of the year going back to 2022, when the national average was $4.11 on April 23.
As we head into the end of April, prediction markets currently show traders pricing in an 81% chance the price of gas could still rise above $4.10 by the end of the month.
Meanwhile, US crude oil prices have gone under $100 per barrel, which has played a part in helping drive down the cost of gas for customers. But how long the downward trend will continue remains uncertain due to instability along the Strait of Hormuz.
(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)
Gas prices are currently the highest they’ve ever been this time of the year going back to 2022, when the national average was $4.11 on April 23.
As we head into the end of April, prediction markets currently show traders pricing in an 81% chance the price of gas could still rise above $4.10 by the end of the month.
