Gas Prices in America
On Thursday, US gas prices fell less than $4 per gallon, which is the lowest price since March.
With the cost of everything from food to rent soaring, a reduction in gas prices is a big relief for the American people.
Gas Prices- American people
Gas Prices- AAA
According to the American Automobile Association, the national median cost of a gallon of regular gasoline is now $3.99.
In June, gasoline prices hit an all-time high of $5.02 as Americans fueled up their vehicles for the summer tourist period.
Gas Prices- Americans
Gas Prices- Ukraine
An increase in the international fuel prices also pushed prices higher as the West rejected Russian crude following the Russian attack on
Lower energy costs are also positive signs for
struggling to control an increase in price, as energy prices affect overall inflation rates.
Gas Prices- Policymaker
Gas Prices- Barrel
American crude oil price also fell from a top of more than $120 a
in June to about $92 a barrel on Thursday as the international supply crisis eased.
updated its outlook for universal oil supplies. This is partly because Russia's oil production continues to beat expectations.
Gas Prices- Thursday
Russian Oil Production Cpacity
From July, Russia's oil production was just 310,000 BPD below pre-war levels, while total oil exports fell just 580,000 BPD.