This won't be reflected in the official numbers. They don't count food or fuel. These are two of the things I buy every week. The other being electricity. (I'm actually not sure if they count that either.) And of course they changed the algorithm back in the 1980s or '90s so they didn't look so bad.
Power the Future. Gas Prices Fall Below $3 for the First Time in Years
For the first time in over four years, the national average for gasoline has fallen below $3 a gallon. According to AAA, prices now stand at $2.998, a milestone that will impact millions. It’s no coincidence that this positive news comes just as the United States has set a new record for oil production, surpassing 13.8 million barrels per day in September.
Considering that California has stupidly high gas prices, due to some insane policies, this is a bit amazing. (While the price peaked for the Thanksgiving holiday, the price in my area has mostly been below $3.00 this year.
You can check the current average price at AAA Fuel Prices. I took a screenshot of the price on 7 December. The interesting bit is the maximum price from 2022. Over $5 per gallon. (See below)
Hat tip to Hot Air
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