As of August 12, 2026 at 6:35 a.m. Eastern Time, oil prices stand at $91.60 per barrel using the Brent benchmark, down 94 cents from the previous day. Year-over-year, the barrel has gained approximately $25, representing a 37.70% increase. One month ago, Brent traded at $76.56, reflecting a 19.64% gain over that period. The price at the gas pump depends not only on crude oil but also on refining costs, distribution, various taxes, and station margins. Crude oil typically represents more than half of the final cost per gallon at the pump.
Source: Read the original article
