The possible formation of a new hurricane in the Gulf of Mexico could delay or even temporarily reverse the decline in pump prices.
Posts tagged as “oil prices”
“The clouds of war overseas are less dark at the moment and the Atlantic is quiet now too, which is taking pressure off of oil prices,” says AAA.
The upward trend is likely to continue as travelers start heading out of town for Spring Break.
Pump prices have lost 32 cents since their 2023 peak of $3.88 a month ago — see the states with largest decreases and least expensive markets.
Pump prices appear to be defying the odds at the moment, despite the surge in the cost of oil,” says AAA spokesperson.
Since last Thursday, these 10 states have seen the largest decreases in their averages.
Potential for hurricane development and forecasts of an expanding heat dome over Texas, Oklahoma, and Kansas next week could push oil prices higher.
