A barrel of oil is trading at roughly $110, while gasoline is at $4.30 on average in the United States.
Oil prices drifted lower at the start of trading on Sunday evening, a respite from the volatility of recent weeks as Russia’s assault on Ukraine grinds on. Brent crude, the international benchmark, was trading at about $111 a barrel, down roughly 1 percent, early Sunday night. In December, it cost about $65 a barrel, before Russia’s president, Vladimir V. Putin, began what President Biden called a “vicious war of choice” in Ukraine. West Texas Intermediate, the American benchmark, was trading around $108, down about 1.
