Are gas prices finally going down?

Are gas prices finally going down?

The national average for a gallon of gas dropped below $4 on October 20th, for the first time since March.

The drop comes as oil falls from its highs and crude makes up more than half of the cost at the pump.

The national average for a gallon of gas is now $3.99 per gallon.

Prices at the pump have declined for a number of reasons.

High prices bring down demand, which brings down prices.

Some states have also suspended their gas taxes, which artificially pushes prices lower.

Now that oil prices have retreated, gasoline prices are following suit.

However, experts say that the relief may be short-lived.

The global energy market still remains on edge and a number of factors could push prices higher in the coming months.