Gas Prices Set to Fluctuate Following Fed's Interest Rate Decision.

1 min read
Source: WANE
Gas Prices Set to Fluctuate Following Fed's Interest Rate Decision.
Photo: WANE
TL;DR

The national average price of gasoline has risen to $3.57 per gallon, while the national average price of diesel has fallen to $3.87 per gallon. With the Federal Reserve meeting this week to potentially alter interest rates again, oil markets were trading lower, and gasoline prices could be impacted. Gasoline demand remains above the critical 9-million-barrel-per-day mark, putting upward pressure on average prices. Meanwhile, diesel prices have fallen to their lowest since early 2022, helping to relieve some pressure on hard-hit consumers of diesel.

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