Phoenix gas prices drop 20 cents as pump costs fall

High gas prices, unfortunately, is something that we all have been dealing with for a number of different months. And a lot of people thought of this, of course, voters last week as they cast their ballots. But we have seen over the course of the last several weeks some of those numbers starting to drop. Some good news there. Let's get to Irene. She is live with the numbers and what experts say is behind some of these dropping prices. Good morning, guys. You know what? Every time I come out here to a gas station, I feel like the story is rising gas prices. Prices are up. Talking to people about, you know, how frustrating it is, how much they spend on gas. Well, the good thing is this time we got to come here to a gas station in Phoenix and say, hey, gas prices are dropping. They're down about 20 cents as of this past week. And we checked out the cheapest gas station yesterday. That was at $3.69 here in Phoenix. Now, the Phoenix average here now is about $4.19. That's down 18.6 cents and dropped nearly 55 cents in the past month. So this has not been just this past week. It's been over the last month, kind of a gradual decrease in price. Now, it's about 61 cents higher than a year ago. So that's kind of the bad news there. And the national average now below $4. So that's better than what we've seen some other weeks, of course. And as far as talking to experts about some of the reasons behind this, Some people talking about the the election, things like that, but also experts say part of this is a seasonal change as well. So for instance, there is demand fading with some of the cooler weather, you know, different times of year people are driving. So that demand, too, decreases with the cooler weather, some of the cheaper prices we're seeing right now. And also, according to experts, some gas prices. Gas prices have fallen in the 30 days leading up to the election. That's been taking place every year since 2006, with the exception of the year of 2010. So we've been out here this morning talking to people. Like I said, hey, good news. Gas prices are a little bit cheaper here this morning. And here's what they had to say. They seem pretty reasonable. I mean, it's probably about $4 back at home in Kansas. So I would figure Arizona would be a little higher than us. And that gentleman we were just speaking to, he was just staying here in Arizona. He said he just rented the car. This was his first time filling up that car here in Phoenix. So he was actually pleasantly surprised by how cheap it was. He said he was expecting it to be a lot more expensive in Phoenix compared to back home. And it turns out he thinks it was cheaper. So, again, a lot of reasons behind it, a lot of different reasons we can speculate about. But good news for people here in the Valley. Hopefully it stays low. See you around the holidays. We'll see how that goes. Listen it back to you guys. As long as that number still keeps dropping and moving in the right direction, right? Irene, thank you.