A local expert spoke to Your Hometown Stations on why we are seeing cheaper prices at the gas pump. Former Saudi Aramco employee Steve Cleaves said this stems from an oil war between Russia and Saudi Arabia. The two countries continue to up their production while the demand stays relatively where it has been. There has been a slight decrease in oil demand because of the coronavirus. Cleaves said Russia is attempting to control oil distribution in Europe and bankrupt the U.S oil shale and tar sand industry. The U.S. is attempting to block Russia from its distribution to Europe.

A recent drone strike against the center of Saudi Arabia’s oil production could shake the global economy and more. The attack has suspended the production of over 5 million barrels of oil a day. Steve Cleaves worked for Saudi Aramco for over 20 years and understands how the oil fields operate. He added, with the attack, if the world oil supply price per barrel goes up it’ll reciprocate in the U.S. Meaning more money spent at the fuel pumps.