AAA says the national average gas price is $3.99, a drop of 2 cents from yesterday. That's a big drop from the June 14 peak of $5.016. "It's a huge psychological line for a lot of folks," AAA spokesperson Andrew Gross said.

President Joe Biden has been releasing about 1 million barrels of oil per day since April. The SPR releases have "certainly kept prices from going a lot higher," Gross says. The decreases are sure to be a relief for drivers and businesses. But the Biden administration is also taking some credit.

The average price of a gallon of gas is now below $4 per gallon for the first time in over five months. "The Biden administration celebrating gas prices going from $5 to $4 a gallon is the equivalent of someone lighting your back porch on fire, then selling you a fire extinguisher," tweeted Rep. Fred Keller (R-Pa.)

Power Switch: Victoria Guida talks about gas prices. Listen and subscribe for free at politico.com/energy- podcast. Power Switch is brought to you by the journalists behind E&E News and POLITICO Energy News. Back to the page you came from.

4.4 gigawatts worth of utility-scale solar installations were delayed each month in the first half of this year. That compares with 2.6 gigawatts in the same period in 2021, the U.S. Energy Information Administration said. The U.N. Energy Agency says the delays are due to a lack of funding for solar projects.
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