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Gas Prices Heading Under $4 By Mid-August As Crude Slump Continues; Biden Heads To Saudi Arabia

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By Martin Baccardax “Americans will spend $165 million LESS today on gasoline than a month ago,” said GasBuddy’s Patrick de Haan. “We’re on target for the national average to drop to $3.99 by Aug 14.” U.S. gas prices extended their longest stretch of declines in more two years Thursday, and could be heading back below $4 a gallon by mid-August, as recession fears pull global crude markets lower and consumer demand continues to fade. The declines also come just days ahead of President Biden’s controversial visit to Saudi Arabia, where he is expected to push the Kingdom — which he called a “par…

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