https://edition.cnn.com/2022/12/02/investing/premarket-stocks-trading

By Nicole Goodkind, CNN Business
Published 7:15 AM EST, Fri December 2, 2022

US gas is cheaper than before Russia invaded Ukraine

Prices at the pump continue to plunge, dropping the US average for gasoline below where it was when Russia invaded Ukraine, reports my colleague Matt Egan.
 
A gallon of regular gas now fetches $3.47 nationally, according to AAA. That is below the $3.54 average on February 24, the day Russia invaded Ukraine.
 
A range of factors have led to the drop in gas prices – and not all of them are positive. Fears of a potential recession and concerns about China’s Covid lockdowns have hurt energy prices.
 
Other factors include fewer than expected disruptions to Russia’s oil flows and the record-setting release of oil by the Biden administration from emergency reserves.
 
The bottom line: Gas prices are still relatively high for this time of the year, but looking ahead, some forecasters see gas prices continuing to dip. That could make its way into next month’s inflation reports and lift a large weight off the shoulders of the Federal Reserve.

Resource: CNN https://edition.cnn.com/2022/12/02/investing/premarket-stocks-trading