Gas prices still haven't drop to reasonable level

 Fox Business:

The national average price of a gallon of unleaded gasoline in the U.S. dropped to just below $4 a gallon on Wednesday, for the first time since March.

While the $3.99 per gallon national average is a sizable decline from its highest — a $5.02 per gallon national average that consumers saw in June — the dip is caused by record-high inflation that has crippled travelers' wills to go anywhere, experts said.

Facing the rising costs of going and doing, consumers have instead opted to stay home.

"What we are starting to see is that widespread inflation has really made a weaker consumer," Edward Moya, a senior market analyst with Oanda Corp, told the Wall Street Journal. "So what you have is a consumer that is not planning big trips. They are not fully back into the office."
...

Gas prices in the U.S. were the highest ever in June, according to OPIS data.

GAS PRICES HIT $5 NATIONWIDE

The record-high price was almost immediately met with a decline in demand.

A July survey from AAA found more drivers were driving less, citing the prices they had to pay at the pump.

"I’m trying to limit as much extra driving as possible," an Oklahoma driver told the Wall Street Journal. "I would avoid a commute if I could work from home one day a week, just not to burn gas at those prices," the driver added.

"It’s still too high!" said another driver from Los Angeles. "That’s like telling me the 20-foot ceiling is now 15 feet. I still can’t reach it."
...

Joe Biden deliberately drove up the price of gas by restricting the supply.  When the polling started showing how unhappy Americans were about his policy, he started blaming the energy companies and touting drops in the price caused by people traveling less.  The high gas prices hurt the economy as a whole and contributed greatly to the inflation that has plagued America since Biden took office. 

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