Gas prices have been going down for years, and there’s no sign of it stopping.
The cost of gasoline has been dropping for years, and according to AAA, the price of gas is now at its lowest point since 2002. The average price for a gallon of regular gas was $2.20 in 2017 and is expected to fall even further in 2018.
As a result of the decrease in the cost of gas, many Americans are opting to drive more often or purchase larger vehicles with higher MPG ratings. There are some factors that may affect the decrease in the cost of gas though.
What causes gas prices to go up?
- Gas prices increase when oil prices go up.
- The supply and demand for oil changes from year to year.
- Political unrest can also impact the price of oil.
