According to AAA, the national average for a gallon of gas is $3.47.
It’s also the first time the national average has been below $3.50 since February when Russia started its invasion of Ukraine.
Other factors are also responsible for this downward trend at the pumps, including fears of a U.S. recession and China’s COVID-19 lockdowns. Some analysts predict gas prices will keep falling as we head toward the end-of-the-year holiday season.The Consumer Price Index shows inflation slowed in October, but despite the cooling, Americans are still feeling the pinch.
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