Gas prices fall below $4 a gallon, the lowest point since March

The national average for a gallon of gas has fallen below $4 for the first time since early March, a key psychological threshold for cash-strapped Americans even as inflation remains elevated.

The U.S. average dropped 2 cents overnight to $3.99, AAA reported Thursday, a 20 percent pullback from its June peak above $5. The run-up in gas prices earlier this year is tied to the Russian invasion of Ukraine and the ensuing turmoil in energy markets

Relentlessly high inflation is the nation’s most vexing economic problem, prompting months of recession talk even as job growth has soared — U.S. employers added 528,000 jobs in July — and consumer spending has remained resilient.

Read the rest of the story at The Washington Post

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