California gas prices have fallen for the third straight week, with the state average dropping 17 cents to $5 per gallon. - The national average has also declined since May 21, driven by crude oil prices staying below $100 per barrel.
- Gasoline demand rose last week to 8.59 million barrels per day, while supply increased slightly. - Despite the drop, prices remain at four-year highs, and uncertainty over the Strait of Hormuz adds unpredictability.
The relief comes as drivers hit the road for summer, though the national average is still far from the record $5 per gallon set in June 2022.