Dallas gas prices dipped below a $4 average on Monday for the first time since May 8, according to AAA, and a gallon of unleaded will likely also be under $4...
Texans aren’t getting any relief from the summer heat, but they are at the gas pump.
“This is an opera, an Italian opera. And we’re at intermission,” said Tom Kloza, global head of energy analysis for Dow Jones-owned Oil Price Information Service. “There are some headwinds economically that could push oil prices, or keep them down, maybe even below $100 a barrel if we’re lucky,” Armbruster said.
“The ricochet that we’ve been talking about will be driven by supply and supply constraints, not by demand,” Kloza said.
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