Braking Down The News

Lower Gasoline Prices Portend Higher Consumer Confidence, Affect Inflation

National average prices drop below $4 a gallon for the first time in five months


Consumers are likely to travel and spend more because U.S. national gasoline prices have fallen for weeks, economists said, delivering an expected boost to the economy.

The average cost of a gallon of regular unleaded gasoline fell below $4 on Wednesday, according to energy data provider OPIS. That is well below the record high of $5.02 reached in mid-June but still about 80 cents a gallon higher than prices were a year ago.


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