Gas Prices Drop as Election Day Nears, Offering Relief to Consumers

The national average for gas prices is approaching $3 per gallon, easing one of the major inflation concerns for voters.

Gas prices have decreased significantly from last year's peak of over $5 per gallon, now averaging $3.13 nationwide.
Key swing states like Nevada and Arizona are experiencing substantial price drops, with prices nearly 80 cents cheaper than a year ago.
Despite the relief at the pump, households are still facing higher overall costs compared to the beginning of the Biden administration.
Factors such as increased U.S. oil production and easing geopolitical tensions in the Middle East are contributing to the decline in oil prices.
Presidential candidates are addressing energy costs, but experts note that global market dynamics primarily drive gas prices.