Gasoline prices are now lower than they were a year ago. With prices down from $3.80 a month ago, and analysts are predicting prices to dip even lower. Even with OPEC+ confirming their 2 million barrel a day production cut previously announced in October, oil prices have still fallen. Patrick De Haan, head of petroleum analysis at GasBuddy, predicts that the national average will fall below $3 a gallon by Christmas, provided that there are no global events that drive oil prices higher before then. An article published by CNBC accounts the current factors surrounding the decreases in oil prices.
To read the article, click here.
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