Gas prices dip just below $4 for the first time in 5 months
August 12, 2022
DALLAS (AP) — Gasoline prices have dipped under $4 for the first time in more than five months — good news for consumers who are struggling with high prices for many other essentials.
AAA said the national average for a gallon of regular was $3.99 on Thursday, down from the mid-June record of $5.02. However, that's still about 80 cents higher than the average a year ago.
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, although inflation is still close to a four-decade high.