August 18, 2022
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Gas Prices Down 10 Percent from June Peak

The national average price for a gallon of gas is below $4.50 for the first time in two months. The Washington Post says that may offer some relief for Americans struggling to make ends meet due to runaway inflation. Triple A says the national average was $4.495 on Tuesday, a ten percent drop from the June high point of more than $5 a gallon. A gallon of diesel dropped 31 cents over the last month, now at $5.51 on Tuesday. At least 35 states across the country have at least one retailer selling gas for under $4 a gallon. The fuel-tracking app GasBuddy says the lowest price this week was found in Virginia, where at least two stations are selling their gas at $3.25 a gallon. The turnaround in prices has taken industry analysts by surprise. Patrick DeHaan of GasBuddy says, “We see prices drop like this maybe twice a century. “

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