What will happen with gas prices with low oil prices?

Oil prices are at its lowest level since the spring of 2021. On Thursday, a barrel of medieval crude in West Texas was $ 59 a barrel, a decrease of $ 74 at the beginning of January. The last time the oil fell to less than $ 60, it was a barrel in early April 2021.

However, gas prices have increased slightly since January, an increase of about 10 cents per gallon, according to the US Energy Information Department. However, it is 50 cents less than a year ago. As president Donald Trump The threshold of 100 days passes through its second term, the gas prices remain at the heart of its promise to reduce energy prices.

The expert says that gas prices may decrease as crude oil is low.

The environmental impact is expected to reduce gas prices over the year. According to the agency’s short-term energy expectations in April, “the US-US Retail Retail Price is about $ 3.10 a GAL (GAL) in our forecast for this summer (April), about 20 cents/expensive are less than our average capacity, low prices, mostly low feuds of the stallion. 2020.”

A person hunting with the oil and gas platform abroad is a stir at the distance in the stream of Beach, California, on January 5. (Mario Tama / Getty Images / Getty Images)

This would constitute the lowest level in five years when gas and oil prices decreased due to the Covid-19s.

Investors fear that large oil may reduce shares re -purchases with a decline in crude prices

As for oil prices, although the last prices have declined, many members+ will suggest that the group accelerates oil production increases in June for the second month in a row, and three sources familiar with the OPEC+ Reuters talks, as a dispute between members increases to comply with production class.

Oil prices reached the lowest level of four years in April, as it retracted the US -Chinese trade war and an unexpected decision by OPEC+ to increase production by 411,000 barrels per day of oil in May, which was more than three times from the planned group in the first place.

Oil prices reached its lowest level in April, when it declined by the trade war between the United States of China and an unexpected decision by OPEC+ to increase production by 411,000 barrels per day of oil in May.

In its latest report, an environmental impact assessment said, “We expect global inventory lists for oil to rise from mid -2025 with OPEC+ discounts, production grows in non -OPEC countries, and the growth growth of oil is slowing.”

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