Here's a where we started vs. where we are now summary of U.S. consumers and gas prices: The U.S. Bureau of Labor and Statistics released the Consumer Price Index Summary for February in the beginning of the month that detailed how the gasoline index had risen 6.6% with inflation hitting 7.9%.
Gas prices continued to increase amid the ongoing Russian invasion of Ukraine, as the United States banned all imports of Russian oil.
And now? Gas prices are finally on the decline.
The national average for the price of regular gas is now $4.24 per gallon, according to AAA.
That's down since gas prices peaked at $4.33 per gallon on March 11.
Last week, the national average was at $4.25 -- even though it only fell one cent, experts say any improvement is positive.
Drivers in Georgia saw the biggest difference at the pumps, as their prices dropped 17 cents in the last week to an average of $3.95 per gallon, per AAA. While Nevada drivers saw their prices go in the opposite direction, increasing 13 cents to an average of $5.25 per gallon.
Missouri currently has the lowest national average for gas at $3.76 per gallon, while California remains the highest at $5.92 per gallon.
All of the current prices are certainly a big jump from what prices were a month ago, let alone at this time last year. The national average was $3.61 in February, but was as low as $2.86 in March 2021.
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