Analysis of Gas Price Downturn: The Historic Release From the Petroleum Reserve and Its Impact

Gas prices have been declining in the past weeks. As of Aug. 16, the national average was just below $3.95, according to AAA—while back in June, gas prices hit a record high of over $5 during the summer travel season. What happened since then, and will the price continue to drop? NTD spoke to Denton Cinquegrana, chief oil analyst at OPIS.