What seemed like a never-ending spike in gas prices to start spring seems to be trending downwards now.
According to AAA Mid-Atlantic, today’s average across Delaware is at $3.95 a gallon, down 12-cents from a week ago. Some of the area is seeing prices well below that in Sussex County.
Triple-A says the reason for the decrease is due to the price of oil remaining below $100 per barrel and the International Energy Agency’s decision to release 120 million barrels from its emergency stockpiles. This also includes 60 million barrels from the United States. It’s the second coordinated release of reserves in just over a month due to the Ukrainian-Russian conflict.