The Latest Breaking News from Gas Prices

Gas prices hit record highs just two months ago, but now they're sinking below $4 a gallon

As of August 10, Missouri’s average gas price according to AAA was $3.62 for regular gas, which was below the national average of $4.01. Gas prices fell from the previous week’s average of $3.79 and were below the July average of $4.41. On August 10, 2021, the state’s average price…

Prices for food and housing continued to rise but were offset by lower gas and energy prices.

Economists say inflation possibly hit its peak, and there are signs the pressures behind it are easing – but it’s hard to say what’s next

WASHINGTON — After months of steadily climbing to a 40-year high, the pace of inflation slowed notably in July as gas prices fell sharply and Americans got some relief on the cost of clothing, cars and other necessities.

Gas prices drop sharply after a hitting a national average of $5 a gallon in mid-June

Falling gasoline prices put a dent in the July inflation rate, which fell to 8.5% from 9.1% in June. But other costs such as housing continue to climb, putting a strain on many family budgets.

Despite the recent retreat in oil and gas prices from their peaks, analysts expect energy prices to rise, driven by substantial demand and restricted supply. A surge in demand due to the reopening of China’s economy could boost oil and gas prices significantly. Given the industry tailwinds, we think it…

Americans may finally be catching a break from relentlessly surging prices — if just a slight one — even as inflation is expected to remain painfully high for months