The average price of a gallon of self-serve regular gasoline in San Diego County increased a half-cent Sunday to $3.644, one day after dropping three-tenths of a cent.
There are questions over whether prices could be affected, though due to the disruption to Saudi Arabia’s oil stores.
Drones attacked key locations in the oil-producing country, taking out 5.7 million barrels of oil, according to the Washington Post.
An oil-industry analyst told the publication that “no single disruption on this scale has occurred in decades.”
….sufficient to keep the markets well-supplied. I have also informed all appropriate agencies to expedite approvals of the oil pipelines currently in the permitting process in Texas and various other States.
— Donald J. Trump (@realDonaldTrump) September 15, 2019
Despite that, according to the report, oil production in the U.S. “has helped keep a lid on gasoline prices.”
President Donald Trump tweeted that “I have authorized the release of oil from the Strategic Petroleum Reserve, if needed, in a to-be-determined amount sufficient to keep the markets well-supplied.”
Nevertheless, experts told USA Today that at least minor increases in gas prices could be seen as soon as mid-week. Analysts though said the full price impact might not be known for months.
The average fuel price is one-tenth of a cent less than one week ago, 3.8 cents more than one month ago, and three-tenths of a cent less than one year ago, according toigures from the AAA and Oil Price Information Service.
It has risen 30.9 cents since the start of the year.
– City News Service and staff reports