Gasoline prices have fallen for 49 consecutive days, reaching $4 a Gallon

U.S. gas prices have fallen for seven straight weeks and are averaging $4 a gallon, easing the pain of record fuel costs in the context of global oil demand is shrinking.

According to OPIS, an energy data and analytics provider, the average price of a gallon of unleaded gasoline fell to $4.19 on Tuesday, the 49th consecutive day that prices have fallen. That’s a 17% drop from the previous high of $5.02 per gallon set on June 14, according to OPIS.

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