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Now, gas prices are already starting to retreat and experts predict sharper drops to come.
Oil prices are in free-fall mode. Pictured is a working oil pumpjack on the outskirts of Taft in Kern County, California, on September 21.
High oil and gas prices are one of the largest contributing factors to inflation.
Despite the uptick in the headline number, the July report showed that underlying inflation continued its cooling streak.
A person pumps gas at a Chevron gas station on May 26 in Austin, Texas.
A record-setting 43.2 million Americans are expected to travel by car this holiday weekend, according to AAA. That’s 2.4% higher than last Fourth of July.
Everything in this car is new, including the gas engine which was developed specifically for this new car, Lamborghini said in its announcement.
Luxury Italian sports car designer Lamborghini has unveiled its first supercar with a charging port.
The car offers 13 different drive modes altogether.
