Gas prices have dropped for 50 consecutive days


Gas prices fell for a 50th consecutive day on Wednesday, dropping to a national average of $4.16 per gallon of regular gasoline, according to The Wall Street Journal and the American Automobile Association.
This represents a 17 percent drop from the June 15 peak of $5.02, due largely to a decline in global demand. Texas has the country's cheapest gas, averaging $3.64 per gallon, while California still tops the list at $5.56 per gallon.
President Biden, whose approval rating has been dragged down where the anglerfish swim by inflation and high gas prices, took a victory lap. "More than half of all gas stations across the United States now offer gas for less than $4 a gallon," he tweeted.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
But plenty of people still weren't satisfied, with several of the president's critics pointing out that gas is still almost two dollars a gallon more expensive than it was when Biden took office.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Grayson Quay was the weekend editor at TheWeek.com. His writing has also been published in National Review, the Pittsburgh Post-Gazette, Modern Age, The American Conservative, The Spectator World, and other outlets. Grayson earned his M.A. from Georgetown University in 2019.
-
Gavin Newsom mulls California redistricting to counter Texas gerrymandering
TALKING POINTS A controversial plan has become a major flashpoint among Democrats struggling for traction in the Trump era
-
6 perfect gifts for travel lovers
The Week Recommends The best trip is the one that lives on and on
-
How can you get the maximum Social Security retirement benefit?
the explainer These steps can help boost the Social Security amount you receive
-
President diagnosed with 'chronic venous insufficiency'
Speed Read The vein disorder has given Trump swollen ankles and visible bruising on his hands
-
'Bawdy' Trump letter supercharges Epstein scandal
Speed Read The Wall Street Journal published details of Trump's alleged birthday letter to Epstein
-
Fed chair Powell in Trump's firing line
Speed Read The president considers removing Federal Reserve Chairman Jerome Powell
-
Trump trashes supporters over Epstein files
speed read The president lashed out on social media following criticism of his administration's Jeffrey Epstein investigation
-
Judge nixes wiping medical debt from credit checks
Speed Read Medical debt can now be included in credit reports
-
Grijalva wins Democratic special primary for Arizona
Speed Read She will go up against Republican nominee Daniel Butierez to fill the US House seat her father held until his death earlier this year
-
US inflation jumps as Trump tariffs 'bite'
Speed Read Consumer prices are climbing and the inflation rate rose to its highest level in four months
-
SCOTUS greenlights mass DOE firings
Speed Read The Supreme Court will allow the Trump administration to further shrink the Education Department