TAMPA, Fla. (The Hill) — Oil prices on Tuesday dropped to their lowest point since 2021.
U.S. benchmark West Texas Intermediate (WTI) was trading at about $55 per barrel, according to Business Insider’s tracker. That’s down from even earlier in the week when prices were as high as $58 per barrel.
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The last time that prices were this low was in early 2021, when oil demand was still low due to COVID-19 lockdowns.
Gasoline prices are also relatively low, averaging $2.91 per gallon on average in the U.S., down from $2.95 a week ago…