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Under $4, $3.99. >> okay, so inflation, missed it by that much. but it comes with concerns over a new army of 87,000 irs agents who were poised to hammer middle-class americans with more taxpayer bills. janet yellen is directing the irs to focus new enforcement resources on "high end noncompliance." the house democrats cancel plans on a number of public safety bill votes following continued differences between progressives and the party and moderates over funding for police accountability and police funding in general. house speaker nancy pelosi announcing democrats will instead focus on the i...

26 past the hour. and take a look at seattle as commuters get ready to hit the roads. some of them already out there. and this morning, they're dealing with the national average price of gas which is back under $4 per gallon. the first time since march. is this temporary? nbc news correspondent tom costello reports. >> reporter: this morning more relief at the pump and coming below a key number, gas prices dropping below $4 a gallon for the first time since march. prices skyrocketed this summer amid inflation, supply concerns and the war in ukraine. today the national average is now $3.99, dow...

Now $3.99, down nearly 70 crent in just over a month. and finally the hint that runaway inflation may have hit its peak giving consumers and the white house a reprieve. >> we're seeing a stronger labor market where jobs are booming and americans are working and we're seeing some signs that inflation may be beginning to moderate. >> another key inflation index will be released this morning, producer price index. factory level inflation is a key benchmark the fed uses to determine rising prices. new projections are expected to show a much slower pace of increase. this is one day after the cpi re...

Gas prices but inflation and so on. just to remind viewers, remember where we were when you look at the number we hit in mid-june of the average cost of a gallon of gas at $5.02, well below what we see now, $3.99. that $1.03 can go a long way. remind viewers of what the last year has been. yesterday alone the national cost of average according to aaa was at 4.01. we're still very far from reaching where we were a year ago, at $3.19. there is hope among economists this will continue on a downward trend and when you hear from the average american, i was speaking to one gentleman today that makes...

This is going to be a relief to so many americans. for the first time since march we're seeing gas prices just below $4 a gallon. aaa saying the national average is $3.99. >> polo sandoval following this story. more than that in new york, but it is good -- maybe not where you are. my gas station, it is a little more than that. things have gotten so much better, polo. >> reporter: yeah. it does, guys. and look, i think this is certainly going to offer hope to millions of cash-strapped americans throughout the country. at least going up to their fuel station and seeing a $3.97, that is the avera...