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patphil

(8,138 posts)

8. Oil prices have fallen about 20% this year.

Reply to BumRushDaShow (Original post)

Tue May 6, 2025, 12:05 AM

May 2025

I haven't seen much change in the price of gasoline over the past several months. It's maybe gone down about 10 cents a gallon where I live; from about $3.20 to about $3.10.
I would expect to see a much more substantial drop in the summer if OPEC releases a glut of crude as they are planning.
Usually the price of gas goes up in the summer. Will it be different this year?

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Oil prices have fallen about 20% this year. patphil May 2025 #8