Gasoline prices are falling due to cheap oil
2022.11.28 11:35
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Gasoline prices are falling due to cheap oil
Budrigannews.com – The cost of gasoline in the United States is at its lowest level since the time Russia invaded Ukraine in February.
According to AAA, the average national gas price has dropped to $3.546 per gallon, erasing any gains from wartime disruptions.The bearish factors that are causing sharp losses in oil and gasoline futures are the same ones that are causing the decline: persistently low demand and expanding supply.
According to the most recent US Energy (NASDAQ:) report, prices have decreased as refineries have returned from maintenance, and the country’s fuel consumption is lower than seasonal averages.Data from the Information Administration for the week ending November 18
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