Gas prices keep falling, but will the trend continue? Here’s what experts say
Economy And Jobs,Gas Prices,Inflation,Recession,Oil,Transportation,World,Banking And Finance,Federal Reserve,Interest Rates
Gas prices are finally coming down from their record highs, but will it last?
The answer so far isn’t too clear.
For the 28th consecutive day, prices at the pump fell Tuesday, July 12, when the national average hit $4.66 per gallon, down 36 cents from June’s record-breaking high of $5.01 per gallon, data from AAA shows.
Oil prices, too, are starting to drop. As of July 12, the price for a barrel of oil dipped below $100 for the first time since May 10, according to The Wall Street Journal.
Before you plan a cross-country road trip in a gas-guzzler though, experts warn the trend might not continue in coming weeks.
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