Gas Prices Could Soar Again as ‘Oil’s Second Act’ Is Coming, Expert Predicts

Gas Prices Could Soar Again as ‘Oil’s Second Act’ Is Coming, Expert Predicts
Gasoline prices at an Exxon gas station behind an American flag in Edgewater, N.J., on June 14, 2022. Mike Segar/Reuters
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
0:00

Even though gasoline prices have slid below $4.50 per gallon on average nationwide in what’s been a multi-week downward trend, an industry expert warns that the reprieve is likely temporary and that drivers should brace for pump pain as oil readies to rally in a “second act.”

The national average gasoline price on July 20 fell to $4.47 per gallon, according to AAA, as lower global oil prices combined with a drop in U.S. domestic gasoline demand.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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