Oil prices crashed over 4% Friday—Brent fell 4.34% to $86.36/barrel and WTI dropped 4.47% to $83.88/barrel—as U.S.-Iran peace optimism emerged that could reopen the Strait of Hormuz within 30 days .
The statewide gas price average in Texas is $3.58 per gallon for regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is 14 cents less when compared to this day last week and is 83 cents more per gallon compared to this day last year.
Curious Minds Corner
How many Olympic-sized swimming pools get filled daily by global oil production?
About 60, as daily output hits 100 million barrels (each pool holds ~660,000 gallons).