After hitting all-time highs, gas prices are finally coming back down

[Yo_Mama_Been_Loggin]

Fears of a global economic slowdown have sent oil prices tumbling recently, less than a month after the national average price of gas in the U.S. reached $5 a gallon for the first time.

Since they hit the milestone the week of June 13, average weekly gas prices have fallen to about $4.75, according to AAA.

The price of worldwide benchmark Brent crude oil fell to about $104 a barrel Thursday, down from nearly $115 last week and well off the highs of nearly $140 briefly reached in March.

Central banks around the world, led by the U.S. Federal Reserve, have been seeking to curb inflation by aggressively raising interest rates. Monetary policy officials hope the higher rates will help cool demand by making it more expensive to borrow money — all while avoiding a recession, an outcome observers say is far from guaranteed.

https://www.msn.com/en-us/money/markets/after-hitting-all-time-highs-gas-prices-are-finally-coming-back-down/ar-AAZkvgG

[Novara]

1. They sure don't seem to be coming down very fast

I filled up this morning because I've been watching the gas station I pass on my way to work and it went down earlier in the week and then seemed to get stuck.

I hate playing the game of waiting to see if the cost goes down or not.