AAQ: Average prices for regular dropped below 5$/gal before the July 4th weekend (when gas prices usually peak) and have gone down further this week to about $4.71. By definition an AVERAGE prices means that some locations will be paying more and others less. There are areas of the Gulf Coast today where gasoline prices are about $4/gallon and elsewhere $6.50 gallon. This is still considerably higher than the $3.25 when Biden took office and then spiked much higher after the Russian invasion of Ukraine. And yes, average prices are unlikely to go much below $4/gallon for the near term.
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