A U.S. petroleum reserve in underground salt caverns is said to be the largest supply of emergency crude oil in the world.
Posts tagged as “pump prices”
The bill requires oil refiners to disclose how much they make on every gallon of gas sold.
After cresting above $123 per barrel shortly after Russia’s invasion of Ukraine, the price of crude oil has gradually fallen below $110.
The invasion of Ukraine by Russia is having a rippling effect on the oil market and gas prices.
Today’s national average for a gallon of gas is $3.48, which is 18 cents more than a month ago and 98 cents more than a year ago.
Blustery winter weather and geopolitical tensions are helping to drive the price of oil higher, nearly $30 more than in August.