Prices at the pump drop

Gas prices in the Carolinas have decreased, and the Auto Club Group AAA Carolinas says the reasons are growing stock levels and cheaper crude oil prices. Crude prices changed in reaction to world news, including concerns of new European lock downs and tight vaccination supplies.  Affecting the price of crude also was the stranded container ship which, until yesterday, blocked the Suez Canal. Because container ships started to re-route, oil deliveries could be delayed. But that’s likely to have limited U-S impact as domestic oil production should be able to keep stateside supply balanced and, in turn, prices stable until the canal clears.