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Gas Prices Drop for 61 Days
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Gasoline prices in the US have dropped for 61 consecutive days, reaching an average of $3.25 per gallon, down from a peak of $3.88 in September. The drop is attributed to falling oil prices, despite geopolitical tensions, and OPEC+ postponing a meeting, with expectations of maintaining existing quotas. The decrease in gas prices is expected to positively impact consumer spending during the holiday season.
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How might the drop in gas prices affect the overall economy and consumer behavior?
How might the drop in gas prices impact the gas industry and its stakeholders?
What factors could influence the future stability of gasoline prices?
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