Morning Business Report: Gas prices dropping since mid-Jun due to worry about recession

Gas prices have been dropping since mid-June according to Triple A. The average is now at $4.86 a gallon.

The cost of owning the median-priced home in the second quarter required 31.5% of the average U.S. wage, the highest since 2007.

American Airlines offered pilots raises totaling nearly 17% under a new contract. Its proposal includes a 6% raise at signing and a 5% raise at the start of 2023 and 2024.