AAA Daily Fuel Gauge Report for Friday, 2/25/22
National Average Price for Regular Unleaded Current: $3.572; Month Ago: $3.335; Year Ago: $2.678. National Average Price for Diesel Current: $3.979; Month Ago: $3.678; Year Ago: $2.889.
https://gasprices.aaa.com/
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Middle East tension may not mean what you think for crude oil
Ahead of next week's OPEC meeting in Vienna, strategists are closely watching swings in crude oil prices, which are faltering after weeks of gains. Despite political tensions involving oil superpower Saudi Arabia and OPEC's promises to cut production, crudeprices could come down by year-end, one strategist says. Here's why. • "Tensions in Saudi Arabia are still flaring following the actions by Crown Prince Mohammed bin Salman," Chantico Global CEO Gina Sanchez said Monday on CNBC's "Trading Nation," referring to a vast political shakeup in the kingdom earlier this month that initially boosted oil prices. • It is unlikely, however, that this will be an "actual geopolitical event," Sanchez said, and oil prices should continue settling. Click Read More below for additional information.