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Gas prices drop below $4 again, AAA says

By Kelsey Ramirez
Published  August 22, 2022 2:36pm MST
Personal Finance
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Gas prices fell last week, as drivers continue to cut back their time on the road, according to AAA. (iStock)

The national average cost for a gallon of gas fell 10 cents last week, dipping below the $4 mark once again, according to AAA.

Gasoline prices fell to $3.95 per gallon, primarily due to stable oil prices and fewer drivers on the road fueling up, AAA said in a weekly update it released Monday. 

"Falling pump prices may eventually lead to more drivers hitting the road again," AAA spokesperson Andrew Gross said. "But that hasn’t happened yet. Instead, many drivers are waiting for prices to fall further before reverting to their typical driving habits."

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Americans change driving habits to cope with high gas prices

Although gas prices dropped last week, they have been steadily rising over the past year. To combat this added cost, many Americans have changed their lifestyles to reduce the amount of driving they do, AAA said. 

A recent survey from AAA said that about two-thirds of U.S. adults have changed their driving habits since March. The top two changes were driving less and combining errands. 

In a separate AAA survey earlier this year, about 59% of Americans said they would change their lifestyle and driving habits if gas prices hit $4 per gallon. This number jumped to 75% of Americans if gas were to reach $5 per gallon, which it did in June.

Some Americans have even changed their travel plans and postponed vacations due to higher prices, AAA said. 

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This is where gas prices decreased the most

Gas prices dropped more significantly in some parts of the U.S. last week than others. These states saw the largest weekly declines: 

  1. Maine: 19 cents
  2. Colorado: 18 cents
  3. West Virginia: 16 cents
  4. Arizona: 15 cents
  5. Illinois: 15 cents
  6. New Mexico: 14 cents
  7. Florida: 13 cents
  8. Nebraska: 13 cents
  9. Arkansas: 13 cents
  10. Kansas: 13 cents

Additionally, the average price of gas in the U.S. varies by location. Here are the top 10 states with the least expensive average gas prices:

  1. Texas: $3.45
  2. Arkansas: $3.47
  3. Tennessee: $3.50
  4. Oklahoma: $3.50
  5. South Carolina: $3.50
  6. Georgia: $3.51
  7. Mississippi: $3.52
  8. Kansas: $3.53
  9. Missouri: $3.53
  10. Alabama: $3.54

If you want to reduce your auto expenses, switching insurance providers can help you save on your monthly costs. To see if this is the right option for you, you can contact Credible to speak to an insurance expert and get all of your questions answered.

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