The "prediction" was that price would continue to go up throughout the summer.
No predictions are certain, but drivers should expect prices to stay high in the coming months.
money.com
Gasoline prices are causing headaches for motorists but with no end in sight to the Russian sanctions, experts warn that prices are likely to rise further.
en.as.com
Here's one that predicts prices will drop by 50 cents a gallon by the end of the year:
Gas price predictions are on the minds of investors lately as the cost of fuel continues to soar going into the summer months.
investorplace.com
Gas has already dropped more than 50 cents a gallon since this article came out. Gas prices always go up in summer when people go on holidays. This year, those prices are going down.
This is what OPEC was saying at the end of June:
OPEC+ has been slowly returning the nearly 10 million barrels per day it agreed to pull from the market in April 2020.
www.cnbc.com
Joe Biden went to OPEC and asked them to increase production. OPEC had previously refused to increase production, and after one visit by Joe Biden, we get this:
Major crude oil producers have spare capacity and are likely to boost supplies following President Joe Biden's visit to the Middle East, a senior U.S. energy envoy said on Sunday.
www.reuters.com
Normally a President doesn't have much to do with oil prices, but in this case, Biden is directly responsible for the current drops.