When Russia attacked Ukraine, gas prices jumped. Now President Biden is releasing record amounts of petroleum, and local gas prices aren’t moving much yet.
The daily survey by AAA Sunday showed the average price for regular unleaded gasoline is $3.80 a gallon in Lyon County. That price is unchanged from a week ago.
The average price in Chase County also is stuck, at $3.77 a gallon. Greenwood County shows a two-cent decline to $3.78.
But the state average is lower. AAA reported it’s $3.76 across Kansas, down four cents from the start of last week. Diesel fuel prices are steady at $4.76.
President Biden announced Thursday that he is authorizing the release of one million barrels of oil per day from the government’s Strategic Petroleum Reserve for the next six months.
“It is by far the largest release from our national reserve in our history,” Biden said.
That sent crude oil prices lower. West Texas Intermediate stopped for the weekend at $99.27 per barrel, down more than eight dollars from Wednesday.
