(Undated) After weeks of steady decline, oil prices ticked higher earlier this week. Patrick DeHaan, head of petroleum analysis with Gasbuddy.com, says oil prices have perked up a bit after fighting between Ukraine and Russia intensified over the weekend.
DeHaan added there are other reasons he and other market watchers believe oil prices may decrease over the coming months, primarily due to a potential glut of oil heading into 2025.
DeHaan said while that relief is still down the road, consumers enjoy relief in time for their holiday travel plans. He says gasoline and diesel prices are down nationally, and he expects them to stay lower for the foreseeable future.
