Chantal Da Silva is a breaking news editor for NBC News Digital based in London.
Average US gasoline prices fell below $4 a gallon on Thursday for the first time in months, giving drivers some reprieve.
The national average price for regular unleaded gasoline fell to $3.99 a gallon on Thursday, according to the American Automobile Association. This price is the lowest since early March.
Gasoline prices hit a record high of $5.02 a gallon in June amid Russia's war in Ukraine, according to AAA data.
AAA has fallen nationally this month as fears of major restrictions on supplyeased since Moscow launched its first invasion in February. } could fall below $4.
The Association also said that recently, as Americans "change their driving habits to cope with rising pump prices," It also notes that fewer drivers are refueling.
"Petroleum is a major component of gasoline, so cheaper oil helps keep pump prices down." AAA spokesperson Andrew Gross said Monday. “Coupled with fewer drivers refueling, we have a recipe for gasoline prices to continue to fall.”
For Americans battling high inflation, falling prices,
With the midterm elections looming, the decline may also be good news for the Biden administration.
The United States is working to bring down oil prices after the White House and its allies imposed sanctions on Russian oil, and has rolled out plans to release more than 180 million barrels of crude oil from its strategic oil reserves. I'm here.
"President Biden will deal with Putin's rising prices...at the pump, he has. It's releasing oil," White House spokesperson Karine Jean-Pierre said in a news briefing earlier this week.
"He is rallying international partners to release unprecedented amounts of oil. And under President Biden's leadership, US oil production is on track." and is about to reach a record high."