In the middle of the rising tension in the Middle East conflict, gasoline prices in the United States continue to decrease.
Gasoline Prices in the US Amid Continue to Fall Amidst Rising Tension in Middle East Conflict (Photo: WLOS)
Gasoline Prices in the US Amid Continue to Fall Amidst Rising Tension in Middle East Conflict
According to The Street, gasoline prices in the US have been declining since mid-September despite high oil prices and tensions in the Middle East conflict. Thus, this would be a great help for many drives to be able to save these days.
Specifically, gasoline prices have seen continuous drops and are now nearly at levels last seen in June. The gasoline prices have an average price of $3.881 per gallon on September 18. However, the prices went down from $3.881 in September to $3.554 in October. It is fortunate for many people to see a decrease in prices amidst the Middle East conflict.
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Gasoline Prices May Continue to Fall in the Future Months Despite Middle East Conflict
According to KTLA, the American Automobile Association released a statement regarding the oil market and gas prices. They stated that the oil market is closely watching the Middle East conflict, and if the war ever widens, the price will be elevated in the mid-$80 per barrel. However, in turn, it will slowly decline the prices of the gas.
Thus, the oil prices, whether they will remain steady or fall, many drivers can expect further drops of the gas prices in the following weeks or even months.
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