IIRC, when Biden went ass-k***** to Saudi Arabia a while back, they did agree to increase production, but only for a few months.
Sounds like we’ve reached the end of the term and the Saudis are doing what they said they would do. So, prices will back up again.
BTW, what’s with the price of premium fuel? Here in Central Kentucky the price differential between regular and premium had “always” been $0.60. About a month ago, it jumped to $1.00, then back down to $0.90.
My cars run on regular, my bike runs on premium. Today at the Marathon station (central KY) regular was $3.33, premium $4.25