On September 17, 2026, Brent crude oil was trading at $103.98 per barrel, down $4.36 from the previous day but approximately $36 higher than the previous year. Oil prices have a direct impact on gas pump prices since crude oil represents more than half the cost per gallon. Oil and natural gas are linked, as rising oil prices can increase demand for natural gas. Oil prices are inherently volatile, influenced by factors such as wars, recessions, OPEC decisions, and energy policies.
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