JUST 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.
around the world. U.S. benchmark crude oil has recently dipped close to $90 a barrel from over $120 a barrel in June.
Ellen Wald, senior fellow at the Atlantic Council, told CBS News,"We have seen some of what we call 'demand destruction' — people choosing not to buy gasoline because it's so expensive. , fears we could be entering a global recession could be driving prices down." . Mr. 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."That's breathing room," he tweeted."And we're not letting up any time soon."
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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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US gas prices dip below $4 for first time in 5 months; FBI's Wray denounces threats; Biden signs PACTThings to know today: For first time since March, gas average dips below $4; FBI director denounces threats from Trump supporters; Biden signs PACT Act.
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Gas Prices Drop Just Below $4 for the 1st 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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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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