$4 Gas: A Cure for Higher Prices Is Higher Prices?

A customer pumps gas into their car at a gas station in Petaluma, Calif., on May 18, 2022. Justin Sullivan/Getty Images

For the first time since early March, the national average price for a gallon of gasoline is around $4, according to data from GasBuddy and the American Automobile Association (AAA).

Since peaking above $5 per gallon in June, prices have tumbled about 20 percent.