A mysterious gas station company, backed by president Trump, launched with lower prices this week. The political stunt is unlikely to earn Trump more support, or save consumers much money in the long run.
Gas prices statewide have dropped 33 cents per gallon from where they were a year ago.
The federal Energy Information Administration says, nationally, gas prices are 13% lower than last Labor Day.
No matter which way prices are going — and which way they go next — the cost of fuel simply doesn’t have much to do with who is in office.
The world consumes up to 100 million barrels of oil a day, so taking 1 million off the market would have a noticeable effect.
After 99 consecutive days of declining gasoline prices, the cost for a gallon has edged a penny higher.
Analysts expect prices will continue to fall in the short term, but things get a lot more complicated further out.