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Gasoline prices fell about 33 cents per gallon from early October to late November, with the national average dropping from $2.87 to $2.54. Experts attribute the decline mainly to market forces, with some effect from the administration's softened Iran sanctions and waivers for eight countries to buy Iranian oil.
Easing Iran sanctions adds crude supply to the market, pushing oil and fuel prices lower. Lower energy prices reduce feed transport and processing costs.
factcheck.orgRobert FarleyNov 28, 2018After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.
After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
