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Why are gas prices so low amid summer travel?

03:42

July 06, 2023

Gas nozzles are pictured at a Mobil gas station. (Jae C. Hong/AP)

Gas prices are much lower right now compared to last summer. AAA reports that Americans are paying $3.52 per gallon on average, more than a dollar less than this time last year. Why?

Here & Now's Scott Tong speaks with Ali Velshi, anchor and economics correspondent for MSNBC.

This segment aired on July 6, 2023.

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