DALLAS: Oil prices fell to 90 cents a gallon a gallon a week after the United States suspended oil imports from Russia in the wake of the Russo-Ukraine war. This is very comforting for ordinary people.
Biden’s ordering the release of 10 million oil a day from the U.S. oil reserves is also estimated to have contributed to the fall in gas prices.
Ten days ago, a gallon of regular gas was as high as $ 4 to 40 cents in Texas. On Monday, April 11, the price of this gas fell by one dollar to $ 3 41 cents. According to Triple A, the average price of a gallon of gas in the United States is $ 4.11. 3.77 cents in Texas.
Traders expect prices to fall further. Oil production has increased in many states, including Texas.
Once the price of gas rises, that price will not stay constant. The price of gas will also change as the price of crude oil falls in the market.
News and Photo: PP Cherian