The national average for a gallon of gas has not fallen for nearly a month.
Posts tagged as “Ukraine”
With the oil price accounting for about 60 percent of pump prices, the national average for a gallon of regular is now $4.19 — 7 cents more than April 25.
Consumers may be catching a little break from March’s record-high prices, but don’t expect any dramatic drops.
A U.S. petroleum reserve in underground salt caverns is said to be the largest supply of emergency crude oil in the world.
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.