US gas prices are falling. Experts point to mild demand ahead of summer travel
NEW YORK (AP) — Gas prices are once again on the decline across the U.S. That’s bringing some relief to drivers now paying a little less to fill up their tanks.
The AAA Motor Club says the national average for gas prices at 6 a.m. Tuesday stood around $3.44 a gallon, while Indiana’s average gas price was $3.37 per gallon.
The nationwide average is down about 8 cents from a week ago, more than 19 cents from one month back, and over 14 cents down from this time last year.
Why the recent fall in prices at the pump?
Industry analysts point to a blend of mild demand and increasing supply — as well as relatively mild oil prices worldwide. The future is never promised. But, if there are no major unexpected production interruptions, some experts say that prices could keep working their way lower.