Gas Prices In 2024 Usacrime. The national average stood at $3.66 a gallon on monday, down from $3.68 a week ago, according to aaa. President joe biden was burdened with high gas prices during most of his term, and gas prices hovered in ranges that were the highest in the nation’s history.

Cheaper gas prices would give the federal reserve an even wider runway as it seeks to pull off a rare soft landing of the us economy by taming inflation without starting a. Gas prices have surged over the past month by an average of 47 cents in michigan and 43 cents in illinois, according to aaa.