"Gas prices are dropping sharply," said Andrew Gross, an AAA national public relations manager."But with oil being the main ingredient in gasoline, OPEC+'s move could slow this decline. However, the gas price will likely soon be lower than it was a year ago."
OPCE+, a group of nations that allied with OPEC to cut production in order to boost oil prices beginning in 2016, announced plans Sunday to stick to its oil production cuts rather than taking steps to take more supply offline. The national average price dropped for the 28th consecutive day, decreasing 2.5 cents to $3.355. It is 14 cents less than one week ago and 44.9 cents lower than one month ago, but six-tenths of a cent more than one year ago.
The national average price has dropped 45 cents over the past 28 days, including 2.3 cents Tuesday. It is $1.661 lower than the record $5.016 set June 14.
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