Gas Prices Continue To Drop—Here’s How Far They May Fall As Oil Prices Crater

Posted on AllSides July 6th, 2022
From The Center
ASSOCIATED PRESS

Gas prices fell two cents Wednesday to $4.779 per gallon, according to AAA data, down 24 cents from its highest-ever recorded level of $5.016 last month, and are on track to continue falling—though maybe not fast enough for President Joe Biden, who has criticized gas stations for keeping prices high, as the crisis continues to drag on his popularity.

Gas prices will likely trickle further down after oil prices fell about 8% on Tuesday on the back of increased recession fears, with benchmark West Texas Intermediate crude trading at under...

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