What $4-a-gallon gasoline means for you and the economy

The national average price for a gallon of regular unleaded gasoline is on the verge of hitting $4 for the first time since 2022.

That price level is relative: A $4 gallon of gas would be welcome in California, Washington state or Hawaii, where the state averages run north of $5 per gallon; while residents of others states where the cost of living is lower are paying under $3.50 a gallon at the pump.

Regardless of the locale, no one’s really a fan of sharply rising gas prices.

Still, the $4 national average serves as a notable threshold – one that carries psychological,

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