U.S. National Average Gas Price Falls Below $3 Per Gallon

The average price for a gallon of regular gasoline in the United States has dropped below $3, according to new data from the fuel-price tracking service GasBuddy. This marks a significant decline for consumers. The price shift was discussed by Mark Hamrick, senior economic analyst at Bankrate, during an interview on "CBS News Mornings." He provided further context on the economic factors behind the decrease. Falling fuel costs often relieve pressure on household budgets. Analysts typically cite lower global oil prices and reduced seasonal demand as key reasons for such declines.