Gasoline prices across the United States declined slightly over the past week, offering some relief to drivers, according to AAA.
The national average for a gallon of regular gas fell 7 cents to $4.09, down from $4.16 a week earlier. Prices remain significantly higher than a month ago, when the average was $3.71, and above $3.16 a year ago.
AAA said the drop follows recent developments in global markets, including a temporary ceasefire between the United States and Iran that has helped keep crude oil prices below $100 per barrel. However, uncertainty remains as maritime traffic through the Strait of Hormuz continues to be affected by regional tensions.
Data from the U.S. Energy Information Administration shows gasoline demand increased last week, while total supply declined. Gasoline production rose, averaging 9.8 million barrels per day.
Crude oil prices were relatively steady, with West Texas Intermediate settling at $91.29 per barrel. U.S. crude inventories decreased slightly but remain about 1% above the five-year average for this time of year.
Meanwhile, the national average cost for public electric vehicle charging held steady at 41 cents per kilowatt hour.
AAA said prices vary widely by region, with West Coast states continuing to see the highest costs, while several Midwestern states have the lowest prices at the pump.
