(Heathrow, FL) — Oil prices may have retreated from four-year highs, but gas prices continue to climb. Tammy Trujillo has the latest.
Energy officials from the Group of Seven nations will discuss releasing oil reserves to help counter disruptions caused by the conflict in Iran. The representatives from Canada, France, Germany, Italy, Japan, the United Kingdom and the United States will meet virtually today to try and come up with a plan. The U.S. thinks releasing as much as 400 million barrels, some 30 percent of reserves, will do the trick. Meanwhile, oil prices may have retreated from four-year highs, but gas prices continue to climb. Triple-A reports the national average for a gallon of regular gas jumped overnight to three-dollars and 53 cents a gallon.
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