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which is basically we all learn from our parents as we are growing up, right? what i saw is my standard of living and my sort of normal, right? kids growing up today will think having cars are a luxury, and air thaning and washing machines that wash your clothes. they will resolve to a lower standard of living. think about what they re learning at school. these are the future leaders of america. they are chipping away at capitalism through acts like this and the rest of the poll seals we ve seen. our fossil fuel industry is prosperity and power in our economy. gas prices are heading back up. they are up about $0.30 a gallon in the last month. $0.31 a gallon. because of that, we just heard president biden say inflation is going lower, which he is talking
spot. a little bit of good news for you. the average price of gas is $3.51 per gallon, and as our christine romans explains, it s a massive price drop from this time last year. victor, amara, good news for drivers stuck in holiday traffic this weekend. expect cheaper prices at the pump. gas for this july will cost a staggering $1.31 less from last year, one of the biggest price drops on record. that also means drivers are spending $20 less per fill-up on average. this is a big reversal from last fourth of july. gas prices were near a record high with a fear that russia s war in ukraine would disrupt the oil supply. but despite western sanctions, that disruption hasn t come to pass and oil prices have dropped this year as the federal reserve wages its war on inflation. there is concern that will slow
roads are going to be busy as summer kicks off. aaa says a 6% increase in road travel this memorial day weekend, but i am here with some good news because despite the rising demand the cost of road trips is actually going down. drivers are being greeted by cheaper gas prices this year, much cheaper, the national average is $3.57 a gallon, down by more than a gallon from the $4.60 years ago, miles away from the record high last june of $5.02 a gallon. gasbuddy says drivers in all 50 states are seeing lower gas prices, some of them a lot lower. in california the average is down by $1.31, new york, new jersey, florida all down by more than $1.20 from a year ago.
there s a growing number of people on the roads. the cost of road trips, it s actually going down. the national average is now sitting at $3.57 a gallon. that s not cheap historically, right? it was lower in 2020 during covid and even 2021, but it is down by more than $1 from a year ago. this is miles away from that record high of $5.02 a gallon last june. gas buddy says drivers in all 50 states are seeing lower gas prices. in california the average is down by $1.31 over the last year. alaska, $1.30. more than $1.20 in new york, new jersey and in florida. this is all evidence of cooling inflation. the cost of living crisis isn t over, but it is getting better. so, why are gas prices down? not all of it is for good reasons. some of it is because supply has improved but also it s because
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