Gas prices remain stable as Biden orders release from strategic oil reserve

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Delaware gas prices have remained stable in the past couple of days as crude oil came off earlier highs.

The average price at the pump was nearly $4.09, up about six cents from a week ago. A month ago,  before the Ukraine invasion by Russia, the price was $3.60 a gallon,  according to AAA.

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Delaware’s average gas prices

  Regular Mid-Grade Premium Diesel
Current Avg. $4.086 $4.512 $4.752 $5.153
Yesterday Avg. $4.087 $4.510 $4.734 $5.160
Week Ago Avg. $4.003 $4.463 $4.709 $4.928
Month Ago Avg. $3.603 $3.961 $4.212 $4.006
Year Ago Avg. $2.699 $3.101 $3.301 $3.024
(Courtesy AAA)

In Nymex trading on Thursday, crude oil was down nearly $5 a barrel to $103.

Delaware motorists in areas near the Maryland border have been benefitting from that state’s fuel tax holiday, according to AAA’s Fuel Finder.

Under bond requirements, Delaware ruled out a similar program and appeared to be moving forward with a $300 payment for every state tax filer.

Today, President Joe Biden ordered a release of oil from the nation’s strategic reserve in a move to put downward pressure on prices.

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