Gas Prices Falling As Oil Drops Below $100 Per Barrel?

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Gas prices fell again Tuesday as the price of oil dropped below $100 a barrel.

The national average for a gallon of regular gasoline slipped to $4.316 as of Tuesday, as oil prices retreated, according to AAA. On Friday, prices hit a record high of $4.33 per gallon. Oil closed at $96.44 per barrel.

This week’s drop in oil could mean temporary relief for U.S. motorists who have been faced with rising prices at the pump even before the war between Russia and Ukraine.

“If these levels hold, gas stations will be able to quickly recoup any losses from the intense rise in oil prices over the last few weeks,” GasBuddy spokesperson Nicole Petersen told FOX Business. “This means they’ll be able to lower prices at the pump relatively quickly as well.”


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Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!