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
had a huge library to launch a streaming product with and very quickly become largest one out there. more trick are for comcast. so they ve been more judicious about it, but the fact that you have all of this cord cutting going on and all of these people giving up their cable bundle means even content for riders like comcast have to think about what their distribution strategy will be going forward. they have a streaming service, obviously, peacock. so far subscale because they didn t have quite the level of resources, and they have decisions they re going to have to make. as you said, proceeding carefully, very judiciously, and aren t going to do anything stupid. the story of media right now. interesting. story of charts and story of thanksgiving. inflation hitting people out shopping today to buy their turkey and mashed potatoes, everything else. prices up 20% for a dinner this year. sounds like, almost. yeah, yeah. it s pretty amazing. up 18%. up to $81.31, which you can see
and the result is higher prices at the pump. even when the administration will say it s down 1.30 from its high, it was up 1.31 from the price it was on the day the president was inaugurated into office. dana: you wrote a column what you think the most likely scenario is for the u.s. senate numbers after the mid-term. let s pull it up. call for number three. it could be a 50/50 split. could be 51-49. republican or 51-49 democrats. i believe you believe 51-49 republican is the most likely at this time. why do you say that? is there a key state you are looking at that gives you some optimism for republicans? yeah, there are two states that the republicans are defending. one with an incumbent ron johnson in wisconsin and the open seat in pennsylvania with oz as the republican candidate. both of these states were won by joe biden very narrowly, just over a point in pennsylvania and