Oil Prices On The Rise?

Here’s what we know…

In a surprising turn of events, oil prices actually tumbled down below $100 a barrel on Monday which was surprising since oil has been surging thanks to President Biden and the Russia-Ukraine conflict.

Oil dropped by 8% on Monday hitting a new low of $99.76 a barrel. On March 6th oil hit an extraordinary high of $130.50 a barrel which was a 14-year high.

Since March 1st, this is the first time oil has fallen below $100 a barrel.

Does this mean are worries are over? Sadly, probably not. While oil dropping is certainly good news, President Biden and his administration have a lot to do in order to get gas prices back to where they were.

We don’t want to sadly get anyones hopes up and Americans should still prepare to pay up at the pump.