50 days in a row, gas prices have fallen, nearing $4 a gallon.

U.S. gas prices have decreased for seven weeks and are approaching $4 a gallon, easing record-high gasoline costs amid declining global oil demand.

Wednesday was the 50th straight day that normal unleaded gas prices fell, according to OPIS, an energy-data and analytics service. The previous high was $5.02 per gallon on June 14, according to OPIS.

Analysts say global oil demand has declined as economic development slows, notably in China. Surveys and demand statistics show Americans drive less.

Analysts say the global decline in oil consumption has improved oil supplies and lowered oil and wholesale fuel prices. Americans pay less at the pump than at the start of summer.

Several things affect whether gas prices fall. Hurricanes in the Gulf of Mexico and unanticipated disruptions from the Russia-Ukraine conflict might raise gas costs, analysts say.

Gail Roddy, who commutes from the Bronx to Queens for the NYPD, isn't experiencing any comfort as gas prices fall in New York. New York's average gas price is $4.50, down 11% from June 14.

Click Here