Energy Secretary Granholm cautiously optimistic falling gas prices will continue

Gas is advertised for more than $6 per gallon at a gas station in Sacramento, Calif., Friday, May 27, 2022. Many California households could soon get help to pay for the state’s record-high gas prices. Most California households would get ...Department of Energy Secretary Jennifer Granholm expressed cautious optimism Sunday that the steady decline in gasoline prices will continue in the coming months but warned that factors in other parts of the world could increase demand.

The average price for a gallon of regular gas was $3.90 as of Sunday, according to AAA, down $1.12 from its all-time high of $5.02 in June but still 73 cents higher than one year ago. Ms. Granholm predicted average prices…