Reported 5 months ago
Gas prices are dropping in most U.S. states just in time for Memorial Day weekend, with the average cost of regular gasoline decreasing to $3.58 per gallon. This decline, down from $3.67 a month earlier, is aligning with prices from a year ago and is about 5% lower than the typical pre-Memorial Day cost since 2000 when adjusting for inflation. The decrease in fuel costs is expected to benefit consumers hitting the road for summer trips, help combat inflation, and potentially influence the economy positively as President Biden enters his re-election campaign.
Source: YAHOO