Pump Patrol: US oil prices plummet, easing travel costs
Drivers are set to benefit as US oil prices experienced a significant decline, dropping nearly 6% to $72.16 per barrel Thursday.
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5ds agoAmidst the upcoming holiday season, drivers are set to benefit as US oil prices experienced a significant decline, dropping nearly 6% to $72.16 per barrel Thursday.
This marks the lowest point in oil prices since July 7.
The recent sell-off signifies a stark turnaround from earlier in the fall when oil prices were on the brink of hitting $100 per barrel. Crude oil has now descended by 23% from its late-September peak.
Even preceding this recent oil market downturn, AAA reports a noteworthy drop in average U.S. gasoline prices, hitting a 10-month low at $3.33 per gallon.
However, in Westchester and the Hudson Valley regions, gasoline prices slightly differ. The average stands at $3.78 in Westchester, a slightly lower $3.74 in Rockland County, and an even lesser $3.66 in Putnam County.
These figures slightly surpass the statewide average, which currently rests at $3.62 per gallon.