PoliticsFriday 09.02.22

President Biden touts 80 straight days of declining gas prices and says inflation “may be beginning to ease.”

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We're seeing some signs that inflation may be beginning to ease. He's a couple that with the fact that gas prices have now fallen 80 straight days. The fastest decline in over a decade, and the price at the pump is now a dollar twenty a gallon less than it was to begin in the summer. America has some really good news going to the Labor Day weekend. Gas prices are finally below $4 per gallon for the first time since March, but the market remains precarious, and experts said it’s too early to know if the move lower will hold. According to AAA, the national average for a gallon of gas has fallen for the last 58 straight sessions and is now $3.99 per gallon. The fall from June, when prices topped above $5, has been fast. The main reason for the fall is the decline in oil prices. Crude is the largest factor influencing gas prices, accounting for more than 50% of what we pay at the pump.

Recount Wire