Oil closes in on $95 per barrel, keeping gas prices near summer highs

  • Oil closes in on $95 per barrel, keeping gas prices near summer highs

    Posted by Gatherer  on September 18, 2023 at 5:29 PM

    Oil prices are closing in on $95 per barrel as production cuts from Saudi Arabia and Russia continue to impact global markets, keeping gas prices near summer highs at a time when drivers typically expect to see relief at the pump. 

    The price of international benchmark Brent crude rose to $94.34 per barrel as of Monday afternoon, which marked a 10-month high.

    The knock-on impact on gas prices saw the average price for regular gas hit $3.88 as of Monday, an increase of nearly 20 cents from a year ago.

    Gas prices in California are around $1.70 higher than

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    Gatherer  replied 8 months ago 1 Member · 0 Replies
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