Plunging Oil Prices Bring Welcome Relief at the Pump

Oil prices have plunged dramatically in recent days, down to $82 per barrel from nearly $95 just last week.

Gas prices are already dropping, with the national average down to $3.77 per gallon. Experts predict prices could fall to $3.25 by Halloween.

The price drop provides relief to consumers burdened by high inflation and gives the Fed more room to avoid further rate hikes.

Factors driving the decline include speculative traders unwinding bullish bets and a surprise jump in US gasoline stockpiles.

Enjoy lower prices while they last, as analysts expect increases again in the spring as demand rebounds.