Gas prices dip just below $4 for the first time in 5 months

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Gas prices dip just below $4 for the first time in 5 months
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Falling prices for gas, airline tickets and clothes are giving consumers a bit of relief, although inflation is still close to a four-decade high.

DALLAS — Gasoline prices have dipped under $4 for the first time in more than five months — good news for consumers who are struggling with high prices for many other essentials.

“I’m not tickled pink, but I’m happier it’s less than what it was,” Smith said. “There for a while, every two days I put $50 of gas in my car. It’s $12 to run from the airport to drop off in the city -- $12 a trip!” “I don’t know that $5 was the magic amount. I think it was the amount of increase in a short period of time,” said Peter Schwarz, an expert on energy pricing and an economics professor at the University of North Carolina at Charlotte. “People were starting to watch their driving.”

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