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Fuel prices stabilize as oil prices show extreme volatility

by | Mar 29, 2022 | 5 Ag Stories, News

After a storm of surging prices followed by a week of decline, the national average is virtually unchanged from a week ago, declining just tenths of a penny to $4.23 per gallon.

The national average is up 62.4 cents from a month ago and $1.38 per gallon higher than a year ago. The national average price of diesel has risen 8.2 cents in the last week and stands at $5.12 per gallon.

?The decline we?ve seen in average gas prices has been slowing down, as oil prices have held above $100 after declining under that level as recently as a few weeks ago,” GasBuddy?s Patrick De Hann said. “There?s no telling what?s around the corner, at least for now, as the volatility in oil prices persists.?

With an OPEC+ meeting later this week, hopes are high that the group will again boost oil production by the same 400,000-barrel number they?ve agreed to every month since last July.