Oil Market, Gas Prices Plummet

This is a US news story, published by CNN, that relates primarily to Lipow news.

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lower gas prices

CNN

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Sub-$3 gas is making a comeback. Dozens of states could be below $3 by Thanksgiving | CNN Business

Summary

Nutrition label

72% Informative

Drivers in 10 US states are paying less than $3 a gallon on average.

Nearly 41,000 of those stations, or nearly one out of every three , are already charging under $3 .

By around Thanksgiving , approximately 35 to 40 states could be below $3 per gallon, analyst says.

OPEC+ scrapped plans to add supply starting October 1 , postponing it to October 1 .

Of course, many Americans could not take advantage of those ultra-low prices in the spring of 2020 because they took place during the height of the Covid-19 pandemic. “I don’t think anyone wants to return to those pandemic times,” Lipow said. CNN ’s Chris Isidore contributed reporting..

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful