Oil now cheaper than the barrel it comes in

by SpeedLux

Gas prices ought to continue to be reduced for some time thanks to the glut of oil on the globe market. The dropping values now indicate that a barrel of crude is cheaper compared to some surprising products– including a drum to transfer it in.

As of this writing, West Texas Intermediate and also Brent crude, which are 2 oil product standards, both profession for around $30 a barrel.

The current AAA’ Daily Fuel Guage Reports suggests that $1.88 is the present United States average for a gallon of gas. Utilizing the most recently readily available national numbers from the Bureau of Labor Stats, pumping a gallon of fuel right into your vehicle is considerably less expensive than a gallon of milk at $3.30, a lots eggs at $2.66, and even an extra pound of coffee at $4.41. Appreciate the economical travels to the gasoline station while they last.

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SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

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