Gas prices have fallen 19% since September, hit lowest point of year ahead of holiday
Publishing timestamp: 2023-12-12 12:10:19
Summary
Gas prices in the U.S. have been steadily declining, reaching the lowest point of the year. This is due to falling U.S. crude oil prices. Gas prices are expected to continue to fall, potentially reaching the lowest level in 30 months. The decline in gas prices is attributed to record U.S. oil production and a weakening economy in China. OPEC members and their allies have promised oil supply cuts, but there is skepticism about whether they will deliver.
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Keywords: oil and gas, business news, rbob gas (mar'23), breaking news: markets, markets, business, energy,