⛽The average U.S. price of a gallon of regular-grade gasoline dropped 10 cents over the past two weeks to $4.27 per gallon
– The average U.S. price of a gallon of regular-grade gasoline dropped 10 cents over the past two weeks to $4.27 per gallon as oil prices continue to “yo-yo," industry analyst Trilby Lundberg said Sunday.
Nationwide, the highest average price for regular-grade gas was in Los Angeles, at $5.85 per gallon. The lowest average was in Tulsa, Oklahoma, at $3.52 per gallon. Lundberg said prices dropped dramatically in the past two weeks, in part because higher prices reduced demand during the second half of March.
The war in Ukraine also has sparked global uncertainty. The U.S. has banned all Russian energy supplies but Lundberg said sanctioned Russian oil is still finding “big buyers like India and China happy to pay discount prices.”In a bid to reduce spiking energy prices, President Joe Biden last month ordered the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months.
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Average US gas price drops 10 cents to $4.27 per gallonThe average U.S. price of a gallon of regular-grade gasoline dropped 10 cents over the past two weeks to $4.27 per gallon
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Average gas price in US drops 10 centsAnalysts said prices dropped dramatically in the past two weeks, in part because higher prices reduced demand during the second half of March.
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Average US gas price drops 10 cents to $4.27 per gallonNationwide, the highest average price for regular-grade gas was in Los Angeles, at $5.85 per gallon. The lowest average was in Tulsa, Oklahoma, at $3.52 per gallon.
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