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The average price per gallon ordinary gasoline fell again on Monday remain below the $ 5 threshold for the third day.
Gas reached $ 5 a gallon more than a week ago.
The price dropped slightly to $ 4,981, according to AAA. Sunday’s price fell below $ 5 to $ 4,983.
Diesel fell gradually to $ 5,815 from $ 5,816 on Sunday.
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Oil prices fell about 6% to a four-week low on Friday, fears that demand will fall as rising central bank interest rates will slow the economy.
The price of US crude oil West Texas Intermediate (WTI) was $ 109.85, up 29 cents, or 0.3%.
EXXONMOBIL Strikes Back, AFTER BIDEN THREATENS ENERGY PRODUCERS
A customer squeezing $ 20 bills pumps gas at a Phillips 66 gas station in Centennial, Colorado. (REUTERS / Rick Wilking / Reuters Photos)
President Biden faces A flood of recent criticisms of the lack of action by the executive to curb inflation. With regard to higher gas prices, the president has focused on accusing Russian President Vladimir Putin of invading Ukraine and the oil company’s profit.
ExxonMobil responded to Biden after he threatened them with “emergency powers” if they did not increase supplies to curb rising gas prices.
Gas prices can be seen on a sign for the Exxon Mobil gas station on June 9, 2022 in Houston, Texas. (Brandon Bell / Getty Images / Getty Images)
WHITE HOUSE OBSERVES SENDING GAS DISCOUNT CARDS TO AMERICAN PEOPLE: REPORT
IN statement issued on wednesday ExxonMobil said it was in regular contact with the administration, providing updates on how it has invested “more than any other company in developing oil and gas supplies in the United States.”
GAS PRICES FELL 5 USD. e. throughout the country FOR THE FIRST TIME IN OVER 2 DECADES
The White House reportedly offered the idea of gas discounts to US residents due to record gas prices.
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A White House spokesman told FOX Business that the administration has not ruled out the distribution of gas discount cards. The cards would hypothetically subsidize the price of gas for Americans – many of whom are struggling to make ends meet with fuel, which is now valued at the level of luxury goods.
Bradford Betz, Edward Lawrence and Timothy Neroci of Fox Business contributed to this report.
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