Reported 8 months ago
Yahoo Finance reports rising oil prices due to weak crude oil demand in China, impacting gas prices at the pump ahead of the summer travel season. Analysts expect oil demand to increase during the summer, with oil prices rebounding and potential buyers like China and the US stepping in if prices rise. Gasoline prices have been cooling, currently averaging $3.45 per gallon, down from $3.60 a month ago, partly due to sliding wholesale prices and decreasing oil prices benefiting drivers.
Source: YAHOO