US petrol prices dip ahead of midterms as voters eye costs
Summary
The average U.S. price of regular petrol fell to $4.17 per gallon on Monday, but remained well above its level a year earlier as midterm voters focused on living costs. Oil prices also fell amid diplomatic efforts to end the war involving Iran, while diesel remained above $6 per gallon.Key Facts
- AAA reported an average regular petrol price of $4.17 per gallon on Monday, down 12 cents from a week earlier and 23 cents from a month earlier.
- Regular petrol averaged $3.04 per gallon a year earlier and $2.98 on February 28, when the United States and Israel first struck Iran, according to the article.
- Diesel averaged $6.29 per gallon, down 6 cents from the previous week; it had earlier reached a peak of $6.53.
- A Financial Times analysis of federal data found that the average petrol price during President Donald Trump’s second term was set to exceed $3.46 per gallon, a record for a presidential administration.
- Oil prices fell about 6 percent on Monday as diplomatic efforts continued after in-person talks in Qatar over the weekend.
- An AP-NORC poll found that 78 percent of Republicans and 89 percent of Democrats said Congress should prioritize cost-of-living issues.
- In midday trading, ConocoPhillips shares were down 3.7 percent, Chevron 2.3 percent and ExxonMobil 3.3 percent; major U.S. stock indexes were higher.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
