gas pump
A New York City cab driver fills his taxi on July 2, 2008.
  • Gasoline prices might reach as low as $3.25 by this year's end, GasBuddy's Patrick De Haan said. 
  • That's despite growing oil prices, with Brent trading above a $90 a barrel.
  • Gasoline is impacted by other factors, such as refinery activity and seasonal shifts. 

While rising crude oil might be a disturbing sight, US drivers can expect a break for the time being: prices at the pump are falling and could continue sliding for the rest of the year. 

As of Friday, the national average price for a gallon of gasoline stood at $3.558, down 8% from a 2023 peak reached last month, the American Automobile Association reported. That's already about $5 saved per tanking, it added.