Cheaper Gasoline Prices And Higher Crude Oil Prices: But Why?

Gasoline prices typically fall in the autumn and early winter as demand decreases and gasoline retailers switch to cheaper winter-blend fuels. Additionally, Americans take fewer trips during this period, further reducing demand. OPEC is expected to increase production in December, which could contribute to further price declines. These combined factors signal a potential for lower gas prices in the coming months. What happens next to crude oil?Oil - Oil jackpump at sunset 2 by Evgenii Mitroshin via iStock