Gasoline prices have significantly declined, approaching $3 a gallon nationwide, providing a potential boost to consumers' financial health ahead of the presidential elections.
Currently, Americans are spending about 2 percent of their disposable income on gasoline, which is notably lower than spending during previous election years.
Vice President Kamala Harris has highlighted the drop in fuel costs, attributing it to the administration's measures, such as selling fuel from the national reserve.
The national average gasoline price has decreased significantly from this time last year, with 19 states experiencing prices below $3 a gallon, including key swing states.
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