Prices have dropped 15 cents in the past week and 68 cents in the last month, according to the auto club.
FILE - A motorist fills up the tank on a sedan, on July 22, 2022, in Saratoga, Wyo. Gasoline prices are sliding back toward 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.
Energy is a key factor in the cost of many goods and services, and falling prices for gas, airline tickets and clothes are giving consumers a bit of relief, althoughGlen Smith, a for-hire driver, sized up the price — $3.85 a gallon — while waiting between rides at a gas station in Kenner, Louisiana. It is unclear whether gasoline prices got so high that consumers cut back on their driving. Some experts believe that is true, although they acknowledge that the evidence is largely anecdotal.
“We are coming to the end of summer, and summer is a peak travel season, so demand is naturally going to fall," he said. “That is certainly contributing to the most recent decline” in gas prices.
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