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Hour of work. that's 40 plus% improvement. shannon: software restarted when he took office is chosen third incense account and out $3.69 since a gallon but we are still in less than two years and worse place. >> yes. it depends on what your benchmark is. so, if we were talking about a year ago or at its peak we had a barrel of oil of 120 a barrel. it is now i think 77 a barrel. we had gas north of $5.52 a gallon. now it's about $3.60 a gallon part we are moving in the right direction. i think that is the key thing with all of the stresses that american households have had to deal with the key ...

So many americans keep spending, big ticket buys like cars. may be encouraged by plunging gas prices. this time last year gas averaged above $5 a gallon, a record. this weekend, about $3.60. investors also buying. the s&p 500 and nasdaq have hit their highest levels since april of last year. but the stock market is not the economy. which brings us back to westfield mall's drama, what it represents. banks have about $3 trillion outstanding in commercial real estate loans. more than half that will come up for refinancing this summer. and at today's higher rates, many more borrowers may just walk...

>> if this weekend is a sign of anything that's to come, it is going to be so busy. these airline seats are going to go fast, the hotel rooms are going to go fast. you want to book your vacation pl plans this summer as early as you possibly can. >> reporter: the national average for gas is hitting $3.60. last year the average was $4.60. gas prices are coming down. according to gas buddy, they are saying that the chances of the national average going above $4 for this summer travel season is growing smaller and smaller every day. good news.

Airline seats are going to go fast, the hotel rooms are going to go fast, so you want to book your vacation plans this summer as early as you possibly can. >> reporter: amen to that. gas prices, the national average right now is sitting around $3.60. a year ago the national average was above $4, it hit a record of $5 in june. so good news is that gas prices are still in relative terms historically high, but they are coming down, especially in the pacific coast, alaska, california, florida, new jersey, new york. that's where some of the biggest declines are being felt. and gasbuddy, our colleag...

About 2.1% as you suggested. what we have seen also, housing is a big factor right now. rents up 5/10 of a percent car insurance, anybody written a check lately air fare's up 4% however, energy costs are coming down remember, we paid $5 a gallon back in june now we're at about $3.60 or so a gallon medical costs are going down, and groceries, which as you know have been skyrocketing, they were flat month over month so there is some hope that maybe, in fact, inflation is starting to cool the fed, as you know, has been hiking rates rather dramaticall to tame inflation. they're meeting again in ma...