Gas prices drop to levels not seen since February

Published: Dec. 1, 2022 at 11:19 AM EST
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(CNN) - The cost of filling up is going down.

According to AAA, the national average for a gallon of gas is $3.47.

That’s down 12 cents from last week and 29 cents in the past month.

It’s also the first time the national average has been below $3.50 since February when Russia started its invasion of Ukraine.

Other factors are also responsible for this downward trend at the pumps, including fears of a U.S. recession and China’s COVID-19 lockdowns.

Some analysts predict gas prices will keep falling as we head toward the end-of-the-year holiday season.

GasBuddy said they could drop below $3 per gallon by Christmas.