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- Gasoline prices have been falling amid weakening seasonal demand, driving refinery margins lower.
- Margins have plummeted from more than $40 a barrel to less than $10, Bloomberg reported.
- Gas prices were at $3.575 a gallon on Wednesday, according to AAA, down from $3.584 a day ago and $3.881 a week ago.
As winter approaches, it's chilling gasoline prices, too.
Despite soaring oil prices stoked by the Israel-Hamas turmoil, gas prices are maintaining their decline as the US shifts to cheaper winter blends and a decline in demand following the summer driving season.
Gas prices were at $3.575 a gallon on Wednesday, according to AAA, down from $3.584 a day ago and $3.881 a week ago.