Gas prices fall as OPEC+ increases oil output

Gas prices fall as OPEC+ increases oil output

Banking & Financial Services
Webp vkvj5j6fn7n7fcseshdzcnxsz1mb
Marshall L. Doney President and CEO | AAA, FL

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

In Washington, D.C., the national average for gas prices has decreased by three cents to $3.15 amid a reduction in demand between spring and summer travel seasons. The Organization of the Petroleum Exporting Countries (OPEC+) announced plans to increase oil output in June, potentially expanding the supply surplus and leading to further declines in crude prices. This development could result in lower costs for road travelers during the summer months. Currently, the national average is 49 cents lower than it was at this time last year.

Meanwhile, electricity rates for public electric vehicle charging stations have remained steady over the past week, with an average cost of 36 cents per kilowatt hour.

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS