In the U.S., average gas prices have dropped below $4 per gallon for the first time since March. But that doesn't mean drivers in all states are below the $5 threshold yet. Hawaiians currently pay the most for gas, which averages $5.39 per gallon in their state.

In California, the current price for a gallon of gas is $5.38. In the last week, Colorado, Arizona, Illinois, Maine, Ohio, Kansas and West Virginia have had the biggest price drops. Crude oil prices are sensitive to economic slowdowns, which is likely driving the overall drop in demand.

West Texas Intermediate crude, the U.S. oil benchmark, has declined from $130 per barrel to just over $94. The EIA expects the cost of retail gasoline to average $4.29 per gallon through September. That price is then expected to fall to an average of $3.78 per gallon for the remainder of the year.
Posted by RU rumbleshark
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