Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Alicia Adamczyk

Gas prices may ‘trend lower’ this summer—depending on the hurricane season

(Credit: David Paul Morris—Bloomberg/Getty Images)

Good news for summer road-trippers: Despite headlines about oil production cuts, recent drops in gas prices are expected to persist over the next few months, experts say, bringing a little less pain at the pump for the average American driver.

The national average regular gas price in the U.S. is $3.503 per gallon as of June 5, according to AAA. That's a slight drop from a week ago, when gas stood at $3.559 per gallon, and even more so from earlier in the year when average prices peaked around $3.67. Still, prices are much higher than they were at the beginning of the year, an increase that is typical each year as summer arrives.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.