Fuel Prices Stabilize as Oil Prices Show Extreme Volatility

After a storm of surging prices followed by a week of decline, the national average is virtually unchanged from a week ago, declining just tenths of a penny to $4.23 per gallon. 

The national average is up 62.4 cents from a month ago and $1.38 per gallon higher than a year ago. 

The national average price of diesel has risen 8.2 cents in the last week and stands at $5.12 per gallon. 

GasBuddy’s Patrick De Hann says, “The decline we’ve seen in average gas prices has been slowing down, as oil prices have held above $100 after declining under that level as recently as a few weeks ago.” 

De Haan adds, “there’s no telling what’s around the corner, at least for now, as the volatility in oil prices persists.” 

With an OPEC+ meeting later this week, hopes are high that the group will again boost oil production by the same 400,000-barrel number they’ve agreed to every month since last July.

(Story Courtesy of the NAFB News Service)