Gasoline prices drop eight cents in one week: AAA
by Rachel Frazin - 04/11/22 12:07 PM ET
The country’s average gasoline price has dropped about eight cents over the past week, and about 13 cents over the last two weeks, according to figures from the American Automobile Association (AAA).
AAA listed the country’s average price at $4.11 per gallon on Monday, down from $4.19 a week ago and $4.24 two weeks ago.
The recent drop comes after several countries, including the U.S., announced recently that they would release additional oil from their reserves.
After the U.S. announced late last month that it would add one million barrels per day to the market over six months — the largest-ever release from its Strategic Petroleum Reserve — analysts told The Hill that the move could result in modest price drops.
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https://thehill.com/policy/energy-environment/3264095-gasoline-prices-drop-eight-cents-in-one-week-aaa/
