Oil prices have fallen steadily over the past two months despite changes in the economy. Brent rose above $125 a barrel in early March and broke through $120 a barrel again in June. WTI crude oil is almost the same, above $120 a barrel in March and June. Brent and WTI reached new highs of 28 and 30, respectively. However, since the June high, both US indices have fallen to new year lows. Brent crude fell to $84.81 a barrel and WTI crude to $85.73 a barrel. Gasoline and gasoline prices rose in March and June, affecting gasoline prices somewhat. However, prices for regular unleaded gasoline and major fuels were higher in June, with gasoline averaging over $5.00/gal and diesel at $5.80/gal . Since their mid-June, gasoline and diesel prices have been falling, averaging below $4.00 and $5.00 per gallon. The national average has been slow to stabilize and has remained unchanged in the market, while prices are lower than two months ago but lower than they were a year ago. Most of us can see the direct impact of high gas prices on us. However, the high price of diesel has a significant impact on consumers, albeit indirectly. Diesel powers almost all vehicle/cargo, construction and agricultural industries. As these businesses pay more to operate, these increases are passed on to consumers, which increases business and increases revenue, affecting capital and income. comes to consumers, businesses and businesses as a whole. The refiner expects to maintain production at or near capacity throughout the third quarter. Management and forecasters dismissed worries about recession and falling retail prices and settled for more oil supply. Analyst Matthew Blair wouldn't be surprised if actual production in Q3 was higher than in Q2. But, Blair said, "we're slightly above the five-year average and still well below our five-year high." Historically, US production has peaked in the second or third quarter, when the summer driving season ends and companies begin to review their fall production. Calling on investors, Valero CEO Gary Simmons said "there are no signs of demand disruption." “The global economy and demand are now the main concern, given weak data from the United States, the euro zone and China. “Signs of slowing economic growth are widespread and may lead to a demand for oil," the PVM analyst said. The new director-general of the Organization of Exporting Countries (OPEC), Haitham Al Ghais, said that OPEC wants Russia to be part of the OPEC+ group. However, "supplies may tighten if European buyers start looking for other products to replace Russian oil" ahead of EU sanctions, which begin on December 12. 5", according to Reuters estimates that 1.2 million barrels should be traded per day. Pumps for consumers and businesses have diminished as gasoline and retail prices have fallen, but the economy remains volatile and prices are still higher than expected. Predicting what will happen in the global economy is difficult in more stable times. Oil prices can be expected to remain high and unchanged for the time being, with limited capacity, improved efficiency, and global political and economic conditions. Today, consumers and businesses should take the time to evaluate how to buy oil to minimize the benefits they can find in the pump.