Gas prices see slight drop with report of new COVID-19 variant

According to a press release from GasBuddy, gasoline prices in Wyoming fell 0.3 cents over the past week, averaging $ 3.41 per gallon on November 29, or 0.5 cents on gallon less than a month ago and $ 1.27 per gallon more than a year ago. .

Wyoming’s cheapest station costs $ 2.87 per gallon, while the most expensive is $ 3.89 per gallon, according to the report.

Nationally, the average price of gasoline fell 3.4 cents per gallon over the past week, currently averaging $ 3.37 per gallon, down 1.4 cents from a month ago and $ 1.26 more than a year ago.

Patrick De Haan, head of petroleum analysis at GasBuddy, said:

“Gas price declines are slowly accelerating. With the recent drop in oil and the jury’s out on a new variant of Covid, Omicron, we might expect lower prices due to the return of travel restrictions in many. countries, limiting demand for oil and potentially accelerating the decline in gas prices.A very high level of uncertainty remains ahead of us, as OPEC has also delayed its meetings to await further market movements and information. on Omicron. But so far, Americans can expect the new variant to push gas prices even lower. Beyond the next few weeks, it remains almost impossible to predict where the oil and gas prices, although turmoil is guaranteed. “

Last week, President Joe Biden announced that the Department of Energy would release 50 million barrels of oil from the Strategic Oil Reserve, out of an estimated 600 million barrels that are in the reserve.

Of these 50 million barrels, 18 million have already been authorized by Congress to be released in the coming years, while the remaining 32 million will have to be returned by the oil companies in the months to come.

For this reason, De Haan said the post had a limited impact on gas prices, compared to fears of the Omicron variant, as it was largely a swap, while 100 million barrels would have been more effective.

Answers to 25 Common Questions About the COVID-19 Vaccine

COVID-19 vaccines began delivery in the United States on December 14, 2020. The rapid rollout came just over a year after the virus was first identified in November 2019. The The impressive speed with which vaccines have been developed has also left a lot of people with a lot of questions. The questions range from practical questions – how will I get vaccinated? – scientific questions – how do these vaccines work?

Read on for the answers to 25 common questions about the COVID-19 vaccine.

Source link

Previous Crypto is a cover for 46% of Russian retail investors, poll finds
Next A real diamond in community radio journalism