The national gas average is currently $4.67 a gallon, down nearly 13 cents from a week ago and more than 32 cents from last month.
#ABCNews #GasPrices #Oil
39 thoughts on “Gas prices continue to drop after reaching record highs l GMA”
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Oil companies have done a good job of running off their customers. Many victims of their price gouging are planning on going electric real soon. Keep up the good work assholes
Wow, amazing savings… thanks Joe! FJB
Yea right! If a nickel or even a quarter drop appeases anyone after a 3 dollar per gallon hike in fuel and all commodities since 2021, seek help. If one buys and believes that Ukraine war is the culprit, that is silly and again seek help. 🤦🏻♂️🤦🏻♂️
Ssoooo, ALL YOU BACKWOODS BIRTH INBREDS WHO FAULTED PRESIDENT BIDEN FOR GAS GOING UP, DONT WANT TO SAY ITS HIS FAULT THERE GOING DOWN … it was high for exactly a month and a half , and you all were whining, why are you all even alive🖕🏻
Prices will be right back up after the midterms. If it's the oil companies gouging, why didn't they do it under Trump? It's not the oil companies.
If you want to know the real reason gas prices are high just look in the mirror. You are either a worthless liberal that voted for biden or an American that doesnt have the courage to fight back against the liberals. Flat out. Grow a pair and start beating up liberals or shut up.
Signs of decline in demand equal a recession
Gas prices are falling SIGNIFICANTLY, where I live, in Dearborn, Michigan. We were paying around $5.23/gallon at the peak, and are now down to $4.21/gallon, with increasing downward price pressure on the way. Oil investors – quoted as the #1 reason for high prices according to oil industry CEOs by the Dallas Fed Energy Survey (the gold standard for this) – have now made their returns, and we're headed back to lower prices. Some refinery issues still exist, and Russia (the world's #2 largest oil producer) being cut out of things still has an effect on prices, but these issues are slowly being dealt with.
Gas prices need to drop in dollars not cents. And I'm tired of hearing about Biden lying about who's responsible for gas prices. If he is lying and it can be provin that the Biden administration is responsible for the high prices, then the only thing I want to here is how they will be held responsible, and the masive profits that thay made will be seized, and some how given back.
Or maybe those bastards got their quarterly bonus and now they want a lower the price of oil to its normal level
Saw an Amish guy in horse and buggy ride by a gas station pointing and laughing.
Gas buddy? Really? Y’all just make these things up don’t y’all? Hey let me rub my crystal ball and ask it the future.
Congratulations Joe & Kamala
Republicans: "Joe Biden is to blame for rising gas prices."
Also Republicans: "Joe Biden has nothing to do with falling gas prices."
The prices aren’t truly dropping. It’s a temporary facade before prices spike like nothing ever seen in US history.
So why are gas prices dropping. There is still a war going on. Noone is investigating this.
Why did they rise?
Why did they drop?
Its all bullshit.
dropping a couple cents, like that helps
This even after sending a portion of our strategic reserve overseas to make a little something for himself.
You kind of missed another reason why the price of gas is down. Because Biden has sold our crude oil out to China aka the highest bidder. We are a global market. We're nearly at refinery max so we can't do anything with it. But that sale infused money back into the oil industry.
To all of the idiots that claim the US Government doesn't control global oil prices…The Democrats controlled all 3 chambers from 2008-2010 and 2021-2022…Im sure its just a coincidence that record high oil prices only occurred within those time frames not to mention Democrat controlled California has owned the highest gas prices for 20+ years
$2 a gallon when Trump was president. O' maybe that's because Trump wanted to get rid of foreign and Dementia joe wants to get rid of American oil.
Hilariously stupid. Paid $4.85 today ….celebrate? Friggin liberal bias clowns. GO BRANDON
if the prices of things keep falling, and the economy continues to even out that will basically get rid of the one coherent line of attack Republicans have.
30 cents whoopty doo
https://www.youtube.com/watch?v=1eknJuh8d30
Joe Biden sent China 5 million barrels of oil from our stockpile. Hmm…..where's the news report on that? ABC News failed basic journalism.
End the war.
At least we dont have mean tweets
$3:97 today in Longview, Texas
So I use to pay $45 to fill up , then Biden and chuckles got me paying $100 , but things are ok now cause I paid $97 ? Lay off the CRT curriculum and take a fucking math class .
The all time highest national average under Trump was $2.83, he would be crucified if everything sucked this bad on his watch.
Democrats lie and lie some more
How can they say this stuff with a straight face? How can they sleep at night?
Time to distract the sheep from everything else.
This is all a lie we are only seeing reducing prices because of Donald Trump oil being released the United States hasn't increased production or released any on the restrictions imposed by the current administration this is all caused by these restrictions
They usually go up in summer. Good news.
It's almost like your proud of yourselves that gas is down to almost 3 times what it was per gallon under last administration.Good job potato!End of quote.Repeat line.
Gas prices have "dropped," eh? Is that newspeak?
End of quote…repete the line