Here’s why gas prices are falling so fast

Hello, Daily Money readers. Jayme Deerwester back with you this Thursday.

Months after gasoline prices hit all-time highs, drivers are feeling relief at the pumps with the national average below $4 a gallon for the first time in five months.

The average cost of a gallon of regular gasoline in the United States is $3.99, according to AAA. Although still higher than last year’s prices at $3.18, this is a significant drop from when prices peaked at $5.01 in mid-June.

“It’s kind of like a very simple roller coaster ride because we went up and now we’re coming back down,” AAA spokesman Andrew Gross told USA TODAY. “When things go up really fast, they also tend to go down really fast.”

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