As summer travel season starts to heat up, drivers are in for a pleasant surprise: gas prices are at their lowest point since 2021.

Crude oil prices have dropped nearly 25% since January, which is uncommon as the summer fuel blend usually comes with higher costs and increased demand during the peak travel season.

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Currently, supply is surpassing demand due to increased production both in the U.S. and abroad. OPEC+, an alliance of oil-producing countries that controls nearly 80% of the world’s oil reserves, significantly influences global gas prices. The U.S. also holds the title of the world's top crude oil producer, a title it has maintained since 2018.

On the demand side, tariffs and economic uncert

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