Bloomberg's Regan on Declining Gas Prices: 'We're Seeing a Lot' of Consumers Buying Less, Gas Deliveries Lower than in 2020

Bloomberg’s Regan on Declining Gas Prices: ‘We’re Seeing a Lot’ of Consumers Buying Less, Gas Deliveries Lower than in 2020


On Thursday’s edition of NPR’s “Here & Now,” Bloomberg News Senior Editor Mike Regan said that one factor in the declines in oil and gas prices is the fact that consumers reacted to high gas prices by buying less gas, “and I think we’re seeing a lot of that.” And noted that gas deliveries are lower than they were this time in 2020.

Regan said there are global factors at play, and “If you look at it from the supply side, obviously, the war in Ukraine has gone on so long that other sources are starting to offset that shunned oil from Russia. For example, the U.S. has obviously released a lot of oil from its strategic reserve and OPEC producers have agreed to pump

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