A motorist fills up the tank of a vehicle at a Costco warehouse Tuesday, Nov. 19, 2024, in Lone Tree, Colo. David Zalubowski/AP hide caption
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Inflation has cooled significantly in recent months, yet many people are still paying more for a lot of things. That's because easing inflation doesn't actually mean prices are falling — it just means prices are rising more slowly. And that's a good thing for the economy. Scott Olson/Getty Images hide caption
Inflation has cooled a lot. So why do things still feel so expensive?
A customer replaces the pump dispenser at a Chevron gas station in Columbus, Miss., on Oct. 23. The average price of regular gas has fallen more than 40 cents from a year ago. Rogelio V. Solis/AP hide caption
Annual inflation accelerated slightly in July, although the uptick was modest and within expectations. Joe Raedle/Getty Images hide caption
A person pumps gas at a BP gas station in Brooklyn, N.Y., on June 12. Annual inflation eased to 3% in June, the lowest in over two years, and there's hope that it could go lower. Michael M. Santiago/Getty Images hide caption
Why inflation is losing its punch — and why things could get even better
More than 50 million Americans are expected to travel at least 50 miles from home over the upcoming July Fourth weekend. Traffic in Austin, Texas, is seen here in April. Brandon Bell/Getty Images hide caption
Kassem Taher Saleh, a Green Party member of parliament, says Germany's so-called "boiler ban" bill is poorly understood due to the German media's portrayal of the bill as one that would bankrupt middle class homeowners. Some German homeowners are scared that as part of their country's commitments to reducing carbon emissions, they'll now have to make costly changes to their home heating systems. Rob Schmitz/NPR hide caption
Germany's Green Party wants people to use heat pumps to save energy. Some are balking
Prices are displayed on a gas pump outside of a gas station in Washington, D.C., on June 14, 2022. Stefani Reynolds/AFP via Getty Images hide caption
A person goes to the pump at a gas station in Arlington, Va., on July 29, 2022. Gas prices have come down significantly since peaking last year but they could rise again after Saudi Arabia and other countries said they would collectively cut oil production by more than one million barrels. Olivier Douliery/AFP via Getty Images hide caption
5 things to know about Saudi Arabia's stunning decision to cut oil production
Consumers shop in the produce section of a Walmart store in Burbank, Calif., on August 15, 2022. Produce prices have been rising recently, the latest area hit by inflation. Robyn Beck/AFP via Getty Images hide caption
Inflation dips in November, as gasoline savings eclipse grocery price increases
A flare to burn methane from oil production is seen in August 2021 on a well pad near Watford City, N.D. Matthew Brown/AP hide caption
California Gov. Gavin Newsom said on Friday that he will call a special session of the state Legislature on Dec. 5, to pass a new tax on oil companies in response to high gas prices. Rich Pedroncelli/AP hide caption
A tentative deal announced Thursday would avert a strike on the nation's freight lines with the potential to throw supply chains into chaos. Above, a CSX freight train travels through Alexandria, Va. Kevin Wolf/AP hide caption
A person goes to the pump at a gas station in Arlington, Va., on July 29. The national average price of gasoline fell below $4 a gallon on Thursday. Olivier Douliery/AFP via Getty Images hide caption
Gas prices drop below $4 a gallon. These factors will determine what happens next
A gas pump is seen at a gas station in Houston on June 9. Gas prices have dropped below $4 a gallon in parts of the country, although the national average remains above that level. Brandon Bell/Getty Images hide caption
A combination of factors is pushing some people in rural areas to consider moving closer to cities. Spencer Platt/Getty Images hide caption
Then-Sen. Joe Biden is seen with former President Jimmy Carter watching the proceedings at the Democratic National Convention in Denver in 2008 where Biden would be the party's vice presidential nominee. Justin Sullivan/Getty Images hide caption
A photo from Tacos y Birria La Unica's Facebook account. Tacos y Birria La Unica's Quesatacos hide caption
The Marathon Anacortes Refinery. David Ryder/Getty Images hide caption
Despite what the internet may think, this 7-Eleven in Chicago is not selling gas for $7.11. Matt Beemsterboer hide caption
President Joe Biden talks to the media after walking on the beach Monday with his granddaughter Natalie Biden, left, and his daughter Ashley Biden at Rehoboth Beach, Del. Manuel Balce Ceneta/AP hide caption
The national average for a gallon of regular gasoline stands at $4.98, according to AAA. Here, a gas station in McLean, Va., displays it prices last week. Saul Loeb/AFP via Getty Images hide caption
President Joe Biden speaks during an interview with The Associated Press in the Oval Office of the White House on Thursday, June 16, 2022. Evan Vucci/AP hide caption
President Biden railed against oil company profits at an event at the Port of Los Angeles, saying, "Exxon made more money than God last year." Mario Tama/Getty Images hide caption