Salem Radio Network News Tuesday, February 7, 2023

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Drivers are stuck in limbo as world’s oil supply reshuffles

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( ) -q-25- UNDATED (Correspondent Jeremy House) “war in Ukraine.”

Drivers in the U.S., Europe and elsewhere are getting a break from the record-high pump prices that they endured over the summer.

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TAG: Correspondent Jeremy House reporting. Meanwhile, drivers are wishing prices were lower but hoping the situation doesn’t get worse.

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VERBATIM: Despite the break, that price tag is still difficult for many customers who have been struggling with relentless inflation and have been used to lower prices. Heading into the winter, a number of conditions are straining oil supply, which could end up pushing prices for oil and gasoline higher. Among them are restrictions on who can buy Russian oil and a price cap of $60 per barrel on Russia’s crude because of the war in Ukraine.

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