### AAA Gas Prices Drop 8 Cents Last Month ###
The national average gas price has experienced a decline of 8 cents in the past month, according to a recent report. The decrease comes as a result of fluctuating supply and demand factors, as well as seasonal trends.
#### Current Gas Price Trends ####
As of the latest data, the average price for a gallon of gas in the United States stands at $3.42. This reflects an 8-cent decrease from the previous month’s figure of $3.50.
#### Factors Influencing Gas Prices ####
Several factors have contributed to the recent drop in gas prices, including:
1. **Supply and Demand:** The ongoing global supply chain disruptions have eased somewhat, allowing for greater availability of crude oil. Additionally, the seasonal decrease in driving activity has led to declining demand for gasoline.
2. **Geopolitical Factors:** Reduced geopolitical tensions have contributed to a more stable oil market, facilitating the decrease in gas prices.
#### Regional Gas Price Variations ####
While the national average gas price has dropped, regional differences persist:
– The West Coast continues to have the highest average gas price at $4.53 per gallon.
– The Gulf Coast enjoys the lowest average, at $3.03 per gallon.
#### Impact on Consumers and Businesses ####
The decrease in gas prices can have a positive effect on consumers’ wallets, as well as on businesses that rely on transportation. Lower fuel costs may result in increased spending power for households and reduced operational expenses for companies, potentially stimulating economic growth.
