The average cost of fuel in the U.S. has fallen more than 30% from record highs, with seven states below $3 a gallonPhoto:Updated Dec. 2, 2022 2:34 pm ET
Tom Kloza, global head of energy analysis for OPIS, said he expects gas prices to continue falling through the holiday season.There continue to be. The average price of a gallon of gasoline has fallen below $3 in Texas, Arkansas, Mississippi, Missouri, Louisiana, Georgia and Oklahoma, according to OPIS, which is part of Dow Jones & Co., publisher of The Wall Street Journal. It is above $4 in California, Washington, Oregon, Nevada, Alaska and Hawaii, according to OPIS.
“So far those sanctions have had less bite than people thought in the first few weeks of the conflict,” Mr. Hamilton said. After authorizing the largest release ever from the U.S. emergency strategic petroleum reserve, the Biden administration is signaling it will soon try to refill the stockpile. WSJ explains how this strategy can lower gas prices, and why some are skeptical that it will work. Illustration: Ali Larkin
All those thanking Biden will have a rude awakening as the strategic oil reserve is refilled, or God forbid there a real emergency.
Awww the WSJ holding Biden’s hand. The stubborn old dolt should step down and give it back to Trump.
Still well above when Biden took over. Thanks CNN.
Does POTUS get any credit for falling gas prices? goBiden
Even if the prices drop, we're not back to where we started until the strategic oil reserves are replenished.
Buying from Venezuela Now that we emptied our Reserves.
Thanks Biden !
All artificial. Same as the jobs numbers. They go up or down based on factors the WSJ won't report on.
Sure. During a recession gas goes down. Supply and demand. The demand for gas will fall sharply in 2023 as the Economy falls into a deeper recession.
Wait.. Fox News told me gas would sky rocket after the election!
Imagine if we opened up US energy.....it would impact inflation and get us out of the recession.
And still well above prices last year
Gas is still well above what it was before Biden became president and wrecked the economy. Don’t forget inflation, border crisis, and crime is way up. BidenWorstPresidentInHistory
Everything went up due to gas increasing its funny how none of that goes down again!!!
That's what happens when people frive less because of the price of gas.
It’ll be nice to see a pause in witless gas pump memes. The propaganda trolls can move on to their next shiny object. How some people choose to live in a constant state of contrived panic, I do not understand.
Still above what they were when Biden took office. The oil reserves will only last so long and then the price of gas will spike back up. Don't forget putting us in a national security crisis with no reserves
Traditionally gas prices drop this time of year since demand is low.
And they should, oil companies are the biggest joke in this country
One World Dollar will be backed by a measure of precious metals to include gold, platinum, silver, palladium, and nickel. The measure of precious metals will allow for the creation of a tuning fork ($1,000.00) and coinage that emits a specific resonance.1 dollar worth loaf bread.
Still more than it should be
Thank you President Biden. 👏🏼☮️🌈✊🏼
How are our reserves going after Biden cut right into them to artificially lower gas prices ahead of the mid terms? Prices will skyrocket to the highest levels they've ever been soon.
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