Record-high gas prices might be in the rearview mirror for drivers, as prices at the pump have now fallen 30 days in a row amid a drop in crude oil.
International oil prices dipped below $100 on Thursday to levels last seen before Russia invaded Ukraine, with Brent crude – the international benchmark – down about 5% trading under $100 a barrel, the lowest level since February. West Texas Intermediate also dipped Thursday to above $93 after trading above $95 Wednesday.
Recession concerns and a boost in the strength of the U.S. dollar have weighed on oil prices as both benchmarks have turned lower.
The average price for a gallon of regular-grade fuel slid to $4.65 in the week that ended Monday, according to the U.S. Energy Information Administration. That reading marks the fourth straight weekly decline below the mid-June peak of $5.01 a gallon.
Click here to see the full report from Dani Romero at Yahoo Finance.