Gas prices are falling toward $4 a gallon but outlook uncertain, analysts say

[BumRushDaShow]

Source: ABC News

June 13, 2026, 5:02 AM


Gas prices have fallen toward $4 per gallon in recent weeks, nearing the milestone as oil costs have eased in response to negotiations between the United States and Iran.

The national average price of a gallon of gas stands at $4.10, marking a decline of 40 cents, or 8.8%, over the past month, AAA data showed. Gas prices, however, remain $1.12 higher than where they stood before the Iran war.

The national average price could drop below $4 over the coming days, though that outcome is hardly guaranteed, some analysts said. An ongoing global oil shortage threatens to rekindle price increases, especially in the event of escalating tensions in the Middle East, they added.

Ramanan Krishnamoorti, a professor of petroleum engineering at the University of Houston, said he expects gas prices to fall below $4 a gallon within as little as seven days. Still, he voiced uncertainty about the staying power of the potential relief. "I think you should be very, very skeptical," Krishanamoorti said. "Any global challenge is likely to put significant upward pressure on gasoline prices in the U.S."

Read more: https://abcnews.com/Business/gas-prices-falling-4-gallon-outlook-uncertain-analysts/story?id=133827602

[Lovie777]

1. Where?...................

California remains the same.

[SergeStorms]

11. Or New York.

It's still at $4.55 gallon where I live, western New York. It's less if you're a member at Costco or Sam's.

[mwmisses4289]

2. Ours have dropped some.

The lowest is at Costco, at about 3.30, and highest is shell/exxon at about 4.00. Most stations seem to be holding at the 3.65 - 3.75 range.
Deisel is still around 4.50 -5.50.

[mdbl]

3. Let me know when they drop below $3

Then everyone can run around taking down the "trump did that" signs.

[littlemissmartypants]

4. Who turned the signs upside down to create the illusion?

[modrepub]

5. Have Seen Some Places Finally Fall Below $4/Gal

If you're looking for the culprit, thank the Chinese.

https://www.wsj.com/business/energy-oil/china-is-propping-up-the-world-economy-by-importing-a-lot-less-oil-f12d7813

Beijing plugs a three-million-barrel hole with little visible disruption, but analysts aren’t sure how long it can keep going

[mpcamb]

6. "Deal Made; Brief Fall in Gas Price For Weekend" Gee, it's only up 33%!

It's not up 60% like the last 3 months! Sure we can afford that!

[LilElf70]

7. Wake me up

when they have gone back to 2.58, which is what it was locally, prior to the fake war.

[kimbutgar]

8. I topped off my tank yesterday at 5.49 at Costco

It hasn’t gone down where I live

[Miguelito Loveless]

9. They are down 70 cents a gallon

In the last ten days for no discernible reason in my area (central NC).

[SamuelTheThird]

10. They'll be going back up

Commercial and strategic reserves are rapidily being drawn down. Strategic reserves (other than China) are being depleted even faster than in the US. This will impact gas prices.

[Norrrm]

12. If gas is up 40% by today's numbers, then the base would be 71.43% of today's price.

If gas is up 40% by today's numbers, then the base would be 71.43% of today's price.
But Trump promised to cut energy prices in half so the true base would be 35.71% of today's price.
That would be a 180% price increase by Trump's earlier promise.
As if Trump's promise/word had any value.

[Buddyzbuddy]

13. In the last 8 days I paid $5.76 per gal in CA,

$4.17 in AZ and $4.56 in NV.
Just providing real world information. Those prices are for regular unleaded. Diesel was running about $1.50- $2.00 more.