Oil Prices Have Small Impact at the Pump: Analyst

Don Ma
By Don Ma
May 4, 2023NTD Business

Oil prices are under downward pressure due to fears of an economic downturn. West Texas Intermediate futures dropped below $70 a barrel this week. It was the first time since late March. But there could be a silver lining: Lower oil prices could lead to lower gas prices in the United States, which may take the heat out of inflation. NTD spoke to Tom McNulty, president of TJ McNulty and Company, for his take.

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