Gas Prices Have Fallen for 91 Straight Days, a Relief for Consumers

Because they’re determined by oil prices, gasoline prices are also susceptible to a wide range of challenges, like hurricanes that knock out drilling in the Gulf of Mexico and efforts to punish Russia for its invasion of Ukraine by curbing its ability to sell crude on the global market.

As winter approaches, other fuel prices could influence inflation data. The cost of heating a home with natural gas, the most common source of home-heating fuel in the United States, is expected to jump more than 25 percent from last year, to $952 for the six months from October through March, according to the National Energy Assistance Directors Association.

Article source: https://www.nytimes.com/2022/09/13/business/us-gas-prices-inflation.html