The average price for a gallon of gasoline moved lower again on Monday remaining below the $5 threshold
remaining below the $5 threshold for a third day.The price declined by a fraction to $4.981, according to AAA. The price on Sunday fell below the $5 threshold at $4.983. Oil prices tumbled about 6% to a four-week low on Friday on concerns demand will slump as interest rate hikes by central banks will slow the economy.A customer clutching $20 bills pumps gas at a Phillips 66 gas station in Centennial, Colorado.a flood of criticism lately for a lack of executive action aimed at curbing inflation.
ExxonMobil fired back at Biden after he threatened them with "emergency powers" if they don’t boost supply to temper surging gas prices.
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