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Now predicting that will fall to $3.01 in january. we should note that is still well above prices a year ago so when do you think looking at inflation at large gasoline, groceries, everything else will return to prepandemic price levels? >> you know, we might see cheeringly at the holiday season a little bit of a price decline in part because of the point i made earlier that we'll be staying home because of the variant. there is, you know, i'm seeing parties canceled. some of the offices that wanted to bring people back are saying, no. let's wait until january, the end of the first quarter. th...

Prediction that 2022 will mark the end of the pandemic. cnn business reporter joining us now on that. hey, matt. >> reporter: good morning, guys. there have been some promising developments, including on inflation. especially with the biggest problem child of them all, energy. first, prices at the pump are ticking lower. the national average down to $3.34 a gallon. it's not cheap but a seven-week low. even more encouraging, a bigger drop ahead. the energy department's research arm is pulling for gasoline to average $3.01 in january, $2.88 for the full year next year. that is a big decline. som...

In our politics lead, right now president biden is in kansas city, missouri, pitching his domestic agenda. talking roads and bridges on the heels of some good economic news, including that forecasted plunge in november gas prices at an arge of $3.39 a gallon down to a predicted $3.01 in january. but president biden is also focusing on fears of a pending additional invasion of ukraine by russia. as jeff zeleny reports, today biden gave us firsthand insight into his crucial two-hour conversation with vladimir putin. >> i am absolutely confident he got the message. >> reporter: president biden st...

Narcotic is. i mean, the unemployment rate is down, wages are up, and people feel so good about their prospects to get a better job that they're quitting at near record paces. one other point, though, is that this is contributing to inflation because companies are facing much higher labor costs, and they are passing along some of those expenses to consumers. >> what's happening with gas prices? >> gas prices are ticking lower. the national average is down to $3.34 a gallon. that's not cheap but it is a seven-week low. i think the better news is that there's some forecasts out there calling for...

Welcome to our viewers in the united states and around the world. it is wednesday, december 8th. i'm brianna keilar along with john berman. we are beginning with breaking news. a potent antidote for inflation. gas prices are going down, dropping to $3.34 a gallon nationwide. many of them predicting below $3 a gallon in 2022. >> but, wait, there's more. remember all the talk of skyrocketing heating costs for the winter, they are also dropping dramatically. right to chief business correspondent christine romans with all of this. the numbers dropping significantly, romans. . >> absolutely. it's w...