Gas Prices <br />Fall Below , $4 per Gallon.<br />According to AAA, the national average price for a gallon of gas fell below $4 on Aug. 11.<br />It is the first time gas prices have fallen below $4 since March.<br />While prices remain <br />higher than this <br />time last year.<br />they have fallen far below the highest price in June of just less than $5.02 per gallon.<br />President Joe Biden is expected to receive a boost in his approval rating because of the news. .<br />The cost of energy resources, including gas, is a significant factor of inflation.<br />Analysts say that lower gas prices <br />will be a relief for consumers.<br />The affordability squeeze is becoming very real when you see these high prices at the gas pump, Beth Ann Bovino, U.S. Chief Economist at S&P Global, <br />via 'The New York Times'.<br />So, in that sense, it’s a positive sign certainly for those folks that are struggling, Beth Ann Bovino, U.S. Chief Economist at S&P Global, <br />via 'The New York Times'.<br />However, some consumers are leery of the news because of fears that market fluctuations mean that prices could rise again.<br />I’m not ready for it to go a little higher again and then I’m over here struggling to fill up my tank, Christina Beliard, Fashion Influencer, <br />via 'The New York Times'.<br />I’m trying to figure out, how long is this going to last?, Christina Beliard, Fashion Influencer, <br />via 'The New York Times'.<br />Analysts confirm that price consistency is a <br />key factor of consumer trust.<br />If gasoline prices stay at or near the levels they have reached, that would mean much more cushion for households, Beth Ann Bovino, U.S. Chief Economist at S&P Global, <br />via 'The New York Times'
