AAA reports the national average fell a penny since Friday and held at that price throughout the weekend.
“While the decrease could be short-lived, it is nonetheless a well-needed break from the large surge in gas prices we’ve experienced over the last few weeks,” said Patrick De Haan, head of petroleum analysis at GasBuddy.AAA spokesperson Andrew Gross explained the cost of oil accounts for 50% of what drivers pay at the pump.
“This war is roiling an already tight global oil market and making it hard to determine if we are near a peak for pump prices, or if they keep grinding higher. It all depends on the direction of oil prices,” Gross said.Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year.
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