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Seasonal Crude Oil Prices in Full Swing

Have you noticed the decline in prices at the pump recently?

The average price for regular grade gasoline in the U.S. has fallen 20 cents in the past month alone. During this same period, the price of crude oil has fallen from the 2013 peak of $110 per barrel, to $101 per barrel (a decline of nearly 9%). What has caused this weakness? To best answer this question we are forced to look at multiple factors.