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Gas Prices Drift Lower in the Face of Uncertainty

Gas Prices Drift Lower in the Face of Uncertainty

WASHINGTON, D.C. (December 27, 2021) — Gasoline prices fluctuated over the past few days as fears of an omicron-driven economic slowdown were countered by news of a severe fire at a major oil refinery. Last Thursday, four people were injured when a fire erupted at the Exxon Mobil Corp refinery in Baytown, Texas. The plant is one of the largest refining and petrochemical facilities in the United States. If the damage forces the plant offline for long, the disruption could negatively affect gasoline prices. As a result, the recent steady decline in pump prices has slowed, with the national average for a gallon of gas falling two cents on the week to $3.28.

Bumper Audio Clip of the Week


Bumper to Bumper helps a listener decide between conventional and synthetic oil for his Ford F250.