Gas prices continue to decline after hitting record high in June | GMA



ABC News’ Elwyn Lopez reports as prices at the pump continue to go down for the 30th straight day in a row.

#GasPrices #Decline #GMA

Original source (ABC/Youtube)

30 comments

  1. Let me know when prices are back to pre-Biden levels. 3.199 in February. 5.999 in June. 5.879 today. What's the price of commercial diesel? That determines the price of almost everything in this country, including retail gasoline.

  2. Gas prices have very little impact on the economy. Diesel prices are still much higher that Gas prices, and have a major impact.

  3. After 60 massive years of progressive bullying, this could be all over by November. Vote Republican please !

  4. I guess we can thank Putin for lowering prices since he was able to raise prices.

  5. Biden cause this problem when he signed it as executive orders his first week in office so reverse them.. . He caused this and he blames everybody else and he begs everybody else for oil I don't understand this

  6. why not use gas like in other countries which is way cheaper like $ a full tank which last you about 2 days ? BPA GAS but when people use they should sign a electronic conseal at the gas stations because we have some black folks who like to sue

  7. why not use gas like in other countries which is way cheaper like $ a full tank which last you about 2 days ? BPA GAS but when people use they should sign a electronic conseal at the gas stations because we have some black folks who like to sue

  8. Americans hate socialism! Oh, until gas goes above $3 a gallon, then they demand that the government step in and control prices. So much for their beloved free market. Cheap gas is ever American's Constitutional right, right?

  9. All of you people can say what you want to say I believe in Joe Biden the prices will come down he is a great president and he will fix all of this

  10. It would take Trump only two months to end inflation

  11. There is no decline 🤣🤣media lies

  12. Glad prices are declining but we should really all be driving more fuel efficient cars by now. (Don’t have a lot of sympathy for those not in trade fields who drive pick-up trucks. Silliness!)

  13. it's still up 60% from last year – I will not be able to heat my home this year. never mind food, medication or getting to work. worst president ever – open the pipeline and roll back restrictions so we don't die this winter.

  14. They are still high! Stop the propaganda

  15. Biden sends billions 💸2✌️Israel✡️ for a lazer🎆 Defence system when it cost about $ 3.50 cents to shoot vs about 80.000 per🚀rocket .It doesn't make sense💰🔨 For the US🇺🇲 2 goe bankrupt⚠️Sending trillions to other countries.🌏🌐 When our own defence system could us a cost effective an more accrete 🎯Up grade. With almost a 💯100 percent effectiveness⚡Common cents was replaced by 🤑Greed an fraud in our administration🗣️.All leading to War."📚A good read is all wars R bankers wars"🛢️.All with no resolution for police 👮‍♂️&🚔 politicians .Passing one🖕I'll bill after another🧻Taking liberty🗽like a theft N the night🌌🕯️😷& ⛲H2o is the gas of God 🙏

  16. trumpturds would not have confronted the saudi ahole and for one thing biden has no control over gas prices and food prices and for you morons with no clue they are NOT exploring more gas areas due to the price of doing so..fkn get a clue moron repukes gawd I hate you morons…figure it out…The oil and gas industry already has plenty of land and ocean ready to be used
    The oil industry can decide to produce more oil whenever it wants. In fact, the oil industry already possess more than 9,000 approved—but unused—drilling permits on federal lands. Nearly 5,000 of those permits were approved in 2021 alone—the highest figure since the second Bush administration. 9,000 Approved permits to drill that are unused by the U.S. oil and gas industry
    The number of permits already approved is about six times the average number of wells drilled annually in the past five years. Over the past 10 years, permits and wells drilled have followed a similar trajectory—except for now, when permits have increased and wells drilled have decreased. The oil industry has all it needs to increase production but has chosen to profiteer off the current crisis rather than act.

  17. This is how OPEC and oil companies are trying to normalize higher prices by raising gas to extreme prices then drop it slightly. Gas prices probably will never return to $2.00 a gallon but they can at least stop price gouging.

  18. After losing so much to stock market, One best investment decision I ever made afterwards was investing in financial markets. Which has earned me $34,970 profit every 14days lately. Trust me guys it pays a lot

  19. Oil companies have done a good job of running off their customers. Many victims of their price gouging are planning on going electric real soon. Keep up the good work assholes

  20. Still 6 dollars here in California smh lol. The real reason that gas is going down is that American working people can't afford it and therefore demand has dropped. Gas prices are dropping has more to do with the strong dollar and the markets believing we are headed for recession which will lower demand. The market knows that Biden's policies are driving us to recession. Hard to imagine the Biden admin was able to do this much damage in only 18 months with their democratic policies. Also, the drop will most likely only last for a month or 2 and it will start going back up in prices again.

  21. ABC News, It would be a lot more helpful if you would compare prices to 2019 rather than last year. Last year gas prices were still wonky due to the pandemic and people not driving as much. It would be more meaningful if you compared prices to 2019, before the pandemic.

  22. 10 cents nice this solves everything

  23. They want us to forget that gas used to be in the 2 dollar range and be happy with 4 dollars.

  24. Dropping gas prices 10cents to 25cents a gallon at the pump ain’t gonna help that much. We need at least $2.00 a gallon less to help us make a difference in our lives!

  25. Biden thanked Mexicos president for allowing Americans to cross the border into Mexico to buy his cheaper gas

  26. Can't believe people are qualified Stupids/retards or highly qualified Stupids/retards.

  27. Notwithstanding the economic crisis and global pandemic (lockdown) ravaging the world 🌎… multiple income streams is the best way to survive the current hardship and recession.the poor Masses needs to spend and invest wisely.

  28. Putins WAR still Biden, and gas going down daily?

  29. Well it's NOT dropping here in the Virgin Islands 🇻🇮🤬

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