Business & Economy
Gas Prices Fall Below $4 a Gallon for the First Time Since July
Relief at the pump arrives after the midterms, as the national average slips to $3.98.
By DOUGLAS PARKStaff Correspondent · WASHINGTON · Nov 10, 6:52 PM · 1 min. read
Illustration · Liberty Bell Report
Drivers are finally getting some relief. The national average price of gasoline fell below $4 a gallon on Tuesday for the first time since July, to about $3.98, according to AAA.
Fox Business points to the switch to cheaper winter-blend fuel and lower demand as reasons for the drop. The New York Post reports the decline followed President Trump signaling that no strikes on Iran are coming anytime soon.
Prices had surged this year. The Washington Examiner notes they reached record highs amid the war with Iran, and that inflation has continued to run hotter than expected even as gas eases.
The Western Journal points out that President Trump predicted several times before the midterm elections that gas prices would come down.
For families watching every dollar heading into the holidays, a sub-$4 gallon is welcome news.
Sources
- Washington Examiner: Gas prices drop below $4 for first time since July despite inflation (link)
- New York Post: Gas prices drop below $4 a gallon for first time since July (link)
- Breitbart: Gasoline Prices Drop Below $4 A Gallon (link)
- Fox Business: Gas prices fall below $4 a gallon for first time since July (link)
- The Western Journal: Gas Price Drops Below $4 Per Gallon After Midterms, As Trump Predicted (link)
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