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


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.


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.