Gas prices in the United States have seen a significant decline, with the national average dropping to $3.52 per gallon, the largest weekly drop of 2024, according to AAA data. In some regions, such as parts of Jacksonville, prices have dipped below $3 per gallon, with many stations showing a $2 handle. Florida has experienced its lowest gas prices since February, with the state average at $3.30 per gallon. Meanwhile, natural gas prices have surged, reaching their highest level since mid-January. Futures prices rose by $0.33, or 13%, from $2.59 to $2.92 for the week ending June 7, and spot prices have surpassed $3 per million British thermal units for the first time since January 2024. The 6-month spread fell by $0.14, the August contract rose by $0.33 to $3.00, and the front-month price increased by $0.33 to $2.92.
Florida gas prices are the lowest theyβve been in months https://t.co/COcO4ZXN3o https://t.co/dBIeI9G8l8
Natural Gas on track for highest close since November π https://t.co/9mT7a8d642
β U.S. NATURAL GAS FUTURES EXTEND GAINS, PRICES UP BY MORE THAN 5%
Gas prices are down by double digits in Miami. Where to find cheapest as you hit road https://t.co/OrmsYXiyOa
USA gas prices $3.40 - a 3-month low @GasBuddy https://t.co/KK0ZEpwnjV
Sunday's state average was $3.30 per gallon. That's the lowest daily average price since February 28th. https://t.co/rCgK1lQEMp
β οΈ U.S. NATURAL GAS FUTURES EXTEND GAINS, PRICES RISE OVER $3 PER MILLION BRITISH THERMAL UNITS FOR FIRST TIME SINCE JANUARY 2024
Gas prices are now the lowest in Florida since February. https://t.co/aDn0EDFW30
Natural Gas jumping again and is approaching its highest price of the year https://t.co/4M48o6iOpv
#natgas spot prices at locations across the US https://t.co/RsI5oY0F9h
NatGas Eyeballing it no more, $3.002 prints https://t.co/oslCjwuZtu
U.S. natural gas 12-month spread narrowed +$0.20 (-31%) for the week ending June 7 6-month spread fell -$0.14 (-15%) & August contract rose +$0.33 (+13%) to $3.00 Front-month price increased +$033 (+13%) to $2.92 #energy #NaturalGas #shale #fintwit #oilandgas #Commodities #ONGT⦠https://t.co/6BOetCMLnd
U.S. natural gas price reached highest level since mid-January Futures price rose +$0.33 (+13%) from $2.59 to $2.92 for the week ending June 7 #energy #NaturalGas #shale #fintwit #oilandgas #Commodities #ONGT #natgas https://t.co/7yGjEKyEjC
Gas prices dip under $3 in parts of Jax Many stations away from the west coast, IL, and northeast now with a $2 handle. https://t.co/9vMfqgFsQr
Gas prices saw their biggest weekly decline of the year, but a spike at the pump could still come later this summer. On Tuesday, the national average for gasoline stood at $3.52 per gallon, down $0.06 from one week ago, the largest weekly drop of 2024, according to AAA data. https://t.co/qG4OUvxZTi