December 8, 2022
Believe it or not, bas prices are LOWER today than they were last year. According to AAA the average price for a gallon of regular was $3.33. Last year, it was $3.34. Domestic gasoline prices have dropped 26 cents nationally in the past two weeks. But OPEC+ decided to maintain output cuts of 2 million barrels per day, about 2% of world demand. The purpose of the move is to boost the global price of oil, which has fallen recently on fears of demand weakness, specifically in China.
