S.A. Gas Prices Sliding Again

By Bill O’Neil

The roller coaster in the crude oil market continues to impact what you’re paying at the gas pump.

The average price per gallon of regular unleaded is again trickling lower across the Alamo City as a result of a sharp decline in oil prices in recent days.

“Gas prices really have reflected a little bit of that roller coaster ride” Gasbuddy.com’s Patrick DeHaan told KTSA News.

At this point, DeHaan said there seem to be equal factors on both sides of the oil market–both pushing and pulling crude prices.

“Certainly some countries cutting ties with Qatar (over its perceived support for Iran and extremist groups) could have an impact on oil prices… but the other side, you have U.S. oil production which is at its highest level since the Summer of 2015” DeHaan said.

For now, that’s likely to keep prices at the gas pump in a relative state of limbo.

“I would say so. There’s not a whole lot that oil prices can do to jump out of this range. It would have to be very significant” DeHaan said, adding “For now, gas prices will likely continue to be consistent with what we’ve already seen so far this year.”

Related Content

Comments