Gasoline prices dipped to just under the $4 mark for the first time in more than five months - good news for consumers who are struggling with high prices for many other essentials.
Prices have dropped 15 cents in the past week and 68 cents in the last month, according to the auto club.Falling prices for gas, airline tickets and clothes are giving consumers a bit of relief, although inflation is still close to a four-decade high.
Recently, however, oil prices have dropped on concern about slowing economic growth around the world. U.S. benchmark crude oil has recently dipped close to $90 a barrel from over $120 a barrel in June. Biden said over the weekend that a family with two cars is saving $100 a month because prices have dropped from their peak in mid-June.Biden has also sparred with oil companies, accusing them of not producing as much oil and gasoline as they could while posting huge profits. "Exxon made more money than God this year," he said in June.
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Gas prices fall below $4 per gallon for the first time in monthsThe average price for a gallon of gasoline has fallen below $4, according to a leading tracker of prices.
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Gas prices dip just below $4 for the first time in 5 monthsGasoline prices are dropping back toward the $4 a gallon mark, their lowest point in more than five months.
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U.S. gas prices dip just below $4 for the first time in 5 monthsAAA says the national average for a gallon of regular was $3.99, good news for consumers who are struggling with high prices for other essentials.
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Gas prices tumble below $4 for the first time in monthsCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
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Gas prices in U.S. drop below $4/gallon for the first time in monthsAAA said the national average for a gallon of regular was $3.99 on Thursday.
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Gas prices drop below $4 a gallon for first time since early MarchJUST IN: Gasoline prices dipped to just under the $4 mark for the first time in more than five months - good news for consumers who are struggling with high prices for many other essentials.
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