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Oil experts predict slight rise in gas prices as global tensions mount

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2 days ago

Geopolitical uncertainty combined with the loss of Venezuelan exports could push oil and gasoline prices slightly higher in the weeks ahead, according to an industry expert. Still, prices at the pump would remain at their lowest levels since the COVID-19 pandemic.Andy Lipow, president of Lipow Oil Associates, projected that oil would rise $3 per barrel in the immediate future, equivalent to less than 10 cents per gallon for gasoline. Still, he said that crude oil prices, which account for nearly half of what consumers pay at the pump, are significantly less than they were even one year ago. As...

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2 days ago
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