Premium Reporters
Premium Reporters
February 18, 2025 at 05:04 AM
*Fuel Prices Drop for the First Time in 2025* Fuel prices have seen their first decline in 2025, driven by a drop in global crude oil costs. Brent crude, the international benchmark, fell by over 5% in early February, from $81.08 to $74.74 per barrel, due to increased U.S. crude oil inventories and seasonal trends. This reduction has led to lower prices for refined petroleum products, with gasoline and diesel prices decreasing by 1.26% and 4.50%, respectively. In the U.S., gasoline prices are expected to decrease further in 2025, with an estimated drop of 11 cents per gallon compared to 2024, primarily due to lower crude oil prices. However, regional variations and refinery capacity may influence these trends. In other regions, such as Ghana, fuel prices are expected to ease marginally, though currency fluctuations may temper these reductions. The decrease in fuel prices offers relief to consumers and businesses reliant on petroleum products, though ongoing geopolitical tensions and currency fluctuations could impact future price stability.
Image from Premium Reporters: *Fuel Prices Drop for the First Time in 2025*  Fuel prices have seen t...
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