Reduced demand and dropping oil costs have helped gas prices fall below $4 a gallon for the first time since March.

The national average price of a gallon of normal gas touched $3.99 on Tuesday, down more than $1 since mid-June.

Patrick De Haan, GasBuddy's head of petroleum analysis, said the Covid-19 epidemic is a once-in-a-lifetime event.

Gas prices have jumped from $3 to $5 then back to $3.99, said De Haan.

Oil prices have decreased as the global economy slows, inflation soars, and central banks tighten monetary policy.

Gas price expectations fell to 1.5% (a series low), and food price expectations fell by 2.5% (a series record).

"In July 2022, internet pricing reduced 1% year over year after growing 0.3 YOY in June and 2% YOY in May," Adobe stated.

When the pandemic arrived in March 2022, shoppers searched online for supplies while stuck indoors.