US gas prices fell below $3 on Tuesday for the first time since May 2021, according to AAA.

The national average price for regular gas dropped to $2.998 a gallon, down from $3.001 the previous day, according to the fuel price tracker.

It was also down from $3.036 a month ago and $3.05 this time last year.

US gas prices fell below $3 on Tuesday for the first time since May 2021, according to AAA. Getty Images

Low prices at the pump come as Americans have been beaten down by sticky inflation and a weak labor market .

A survey from the Conference Board last week found consumer confidence plunged to 88.7 in November – down from 95.5 in October. That’s the lowest level since April.

Many voters in last month’s elections cited the cost-of-living crisis as their top concern as they el

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