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Did This Just Happen To Gas Prices?

by Market FinancePosted onJuly 13, 2022July 13, 2022

Who would’ve seen this coming.

President Biden and his administration has been plagued which gas prices that nationally sat at an average of $5 in June.

Now there appears to be some good news on the horizon.

According to Yahoo News, senior White House officials have said that a new drop in wholesale gas prices could soon mean that gas prices for Americans could also come down by as much as 50 cents per gallon.

The White House explained, “We’ve seen the price of oil fall to a range of $100 per barrel, and we have not yet seen gas prices at the pump fall down to levels consistent with oil prices in that range. That would suggest gas prices in the range of another 50 cents below where they are right now.”

Currently the national average for a gallon of gas sits at around $4.65 a 50 cent decrease could soon bring the national average down to $4.15.

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