lifestyle · 2 outlets · 2 linked reports
Gas Prices Tumble Nearly 60 Cents Before a Record July 4 Getaway
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Summary
- US gas prices fell sharply ahead of the July 4 holiday — down nearly 60 cents from a month earlier — giving travelers notable relief.
- The national average had slid from a May 21 peak near $4.55 toward the low-$4 range by mid-June, with declines continuing into early July.
- The retreat arrived just before what forecasters expected to be a record-breaking Independence Day travel weekend.
The question
Falling gas prices are a sign that inflation pressure is easing for consumers.
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