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The average price of U.S. retail gasoline fell below $4 per gallon on Thursday for the first time in months, giving some relief to drivers in the world's largest fuel consumer. The average price of gasoline peaked in June to a record $5.02 per gallon which caused consumer behavior to shift to purchasing less gasoline as compared to during the pandemic in July 2020.   

U.S. gasoline prices fall below $4 for first time since March

The average price of U.S. retail gasoline fell below $4 per gallon on Thursday for the first time in months, giving some relief to drivers in the world’s largest fuel consumer. The average price of gasoline peaked in June to a record $5.02 per gallon which caused consumer behavior to shift to purchasing less gasoline as compared to during the pandemic in July 2020. 

 

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