Gas prices could soon drop to $4 a gallon, Biden energy adviser says
CBSN
Gasoline prices in the U.S. could soon drop to an average of $4 a gallon, according to a Biden energy adviser.
That forecast comes as prices at the pump, which hit a record of $5.02 a gallon on June 14, have steadily dropped over the past month. The average national price now stands at $4.52 a gallon, 43% higher than the typical price paid by drivers a year earlier, data from AAA shows.
Relief for motorists could help alleviate the financial pain being felt by households across the U.S. amid the sharpest inflation in more than four decades. Even though fuel prices are coming down, drivers in states such as California and Idaho continue to pay an average of more than $5 a gallon.
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