Oil Prices Expected to Jump Again

March 17, 2022—Analysts expect U.S. oil prices to jump again after a short retreat to under $100 per barrel.

Cnet reports that the price of crude oil dropped to $93.53 on March 15. That's down quite a bit from the high in 2022, but experts see factors that will bring the price back up soon.

Summer blend gasoline is tougher to refine and distribute, which tends to push prices up for downstream users. An average high price of $4.50 could be a possibility as the weather warms.