Three Tankers Hit Mines In Strait Of Hormuz, Which Will Definitely Make Gas Less Expensive

Fuel prices are down slightly in the last day, with AAA reporting the average gallon of gas is down to $4.23, while diesel has dropped to $6.33.

The Core Event

Crude oil is also down slightly, per OilPrice , even if Brent Crude is still over $114 a barrel, and West Texas Intermediate remains over $100.

Key Facts

Fuel prices are down slightly in the last day, with AAA reporting the average gallon of gas is down to $4.23, while diesel has dropped to $6.33.

Context & Significance

Crude oil is also down slightly, per OilPrice , even if Brent Crude is still over $114 a barrel, and West Texas Intermediate remains over $100.

Outlook

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