are the gas prices going to go down

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  • Why are gas prices going back down?

  • Oil trading is slowing, with traders anticipating lower demand due to fears of an oncoming global recession. As a result, the national average price of gas per gallon has inched back down, with the current average at $4.80 per gallon, according to AAA.

  • How much does a gallon of gas cost?

  • The national average price per gallon topped $5 for the first time in June. While it鈥檚 dropped slightly since then, the average gallon still costs 50% more than this time last year.

  • How much would a lower gas tax Save you on average?

  • The savings, however, would be meager. If the gas tax had gone into effect at the beginning of July, it would save drivers about $78, based on data average mileage data from the Federal Highway Adminstration and average mile per gallon data from the U.S. Department of Energy.

  • Will gas prices ever go back to normal under Biden?

  • President Joe Biden has implemented emergency measures to help alleviate gas prices, and more could be on the way. But analysts say there鈥檚 no knowing when-or if-we will see a return to relatively 鈥渘ormal鈥?gas prices.

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