JEROME JIMINEZ:
00:00:34
Over 110.
MAX DARROW:
00:00:35
$110. That was Jerome Jiminez's guess for how much it would cost to fill up his tank today. It's a nightmare because, as you can see, this is a V8.
MAX DARROW:
00:00:44
That's actually less than what he was paying a month ago. Sometimes, instead of getting full tank, I just put $20 in.
MAX DARROW:
00:00:52
Right now, gas prices across the US are getting lower. The national average sits at $3.95 a gallon. That's down 13% from a month ago. Indiana pays the least, $3.35 a gallon. California, where Jiminez lives, pays the most, a nationwide high of $5.59, the cost changing the way Jiminez does business. He's in construction and says he won't take clients more than 30 miles away anymore. It is a hard decision because this is my bread and butter.
MAX DARROW:
00:01:21
The price of jet fuel also descending, but that isn't translating to cheaper airfare yet. It is going to be rough. Even if jet fuel plummets to where it was before the war began, we're going to see airfares up probably by about 20% year over year.
MAX DARROW:
00:01:37
Yet Americans are still traveling this summer. They're still going to take those trips. They're still going to prioritize time with their family.
MAX DARROW:
00:01:43
AAA's Doug Johnson says they're cutting back elsewhere.
DOUG JOHNSON:
00:01:46
When they do go on those trips, they're probably going to scale back, maybe not go out to dinner at a nice restaurant. With the US-Iran ceasefire deal facing tests, the impact this will have on gas and oil prices is yet to be determined. World markets are closed right now, but, Tom, we do know they do not react well to uncertainty.
TOM HANSON:
00:02:04
All right. Max, thank you for that.
