You do realize that amounts to a $0.15 decrease in gas prices, right? Hardly a winning slogan for Biden. 🤣
It’s not that gas prices have crashed, it’s that they have stopped going up.
“The trend is your friend.” as the expression goes.
The fact is that the raging inflation of Biden’s first two years has stalled out. The psychology of inflation lags behind the economic reality. We’ll see how or if that psychology changes in the coming months.