Average US Gas Prices Could Drop to $3.99 per Gallon by Mid-August: Analysts

Gasoline prices are seen at an Exxon gas station behind an American flag in Edgewater, New Jersey, on June 14, 2022. Mike Segar/Reuters

The average price of gasoline in the United States fell for the fifth consecutive week, tumbling 15.8 cents to $4.51 per gallon on July 18, according to GasBuddy.

GasBuddy gathered data from more than 11 million individual price reports covering more than 150,000 gas stations across the nation.