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>> reporter: of course gas prices is something americans are keeping a close eye on. the white house trying to promote to americans and voters in and around these jobs numbers. >> arlette, we'll leave it there for now. thank you so much. all right. even though gas prices are now lower than they were, they might not say that way much longer. cnn's pete muntean looks at what is behind the prices and how long it will last. >> reporter: a key meeting on sunday. the latest is opec will not raise prices. the latest numbers from aaa, now $3.45. think about where we were in february ' -- 24. we are ...

French history in that part of the united states, christine. >> interesting. thank you so much. back here inflation issue number one for americans for a year now is prices at the pump. a gallon of a price of gas cheaper than it was before russia invaded ukraine. the national average $3.45. below $3.54. the price of gas has dropped nearly 15 cents in the last week and more than 30 cents over the past month. now to a storm system expected to bring heavy snow. in california they are already blanketed with snow with another 2 feet this weekend. how much could they see? >> this is not a typo. 1...

Occupant of this covid crash and get to a more normal level, but the job market is just still strong. third quarter, the economy grew 2.9%. you're seeing signs of inflation starting to cool, but the ko consumer is still driving things forward. what i learned about the economy this week is it is showing a really robust strength here at a time when the fed is trying to slow it down so inflation isn't a permanent problem. >> we're expecting another rate hike later this month. christine romans, we'll take this good news. a really strong jobs report. >> gas prices are falling across the country. al...

Get so cold it's ice cold and it's not. it's not so for now the jobs market continues to chug along. i think the question is just when is inflation going to get back in line and what does the fed have to do to get it there? >> help us understand that's your role and you're doing just that, thank you so much, matt. i appreciate it. more good news amid the recession fears, this week the u.s. saw record-breaking holiday shopping, mortgage rates fell for a third straight week and prices at the pump, they're way down, a gallon of gas averaging 30 cents less than last month. cnn's pete muntean is ...

Some states have dipped below $3 a gallon. what's driving them down? >> well, the recession fears are the biggest driver right now, jim. remember, it's a global market, and oil is so sensitive to so many things. what's so interesting here is $3.45, the national average, think back to where we were on february 24th. $3.54. we're now below what we saw when russia invaded ukraine and it causes these gas prices to go up and up and up. we're hearing now from analysts is that things are really starting to stabilize. we have seen a 13 cent drop in just the last week. there is some uncertainty still. ...