Gas Prices Hit Six-Month Low: What's Driving the Downward Trend?

Gas prices in the U.S. are declining significantly, with the national average reaching a six-month low of $3.32 per gallon. This drop is attributed to falling oil prices, weakening gasoline futures, and the end of the summer driving season. Analysts predict that prices could potentially reach $3 per gallon by year-end, barring any major disruptions like hurricanes. The decline in oil prices, partly due to concerns over China’s economy and increased OPEC+ supply, may prompt the oil alliance to reconsider its production policies.