Gas Prices Edge Down Slightly

The national price of gasoline dropped for a second consecutive week. The average price for a gallon of gas is $4.86, according to AAA, down 9 cents from a week ago but still $1.70 higher than last year. The main driver of the decrease at the pump has been a drop in crude oil prices, which make up roughly 60% of the cost of fuel. Some analysts attribute the drop in crude oil to fears of recessions in the world’s economies due to rising interest rates and inflation.It’s unclear if prices will continue to go down into the coming months.