Summary
As of August 28, 2026, oil was priced at $90.55 per barrel (Brent benchmark), an increase of 87 cents from the previous day and $22.34 higher than a year ago. The article discusses factors influencing oil prices, their translation to gas pump prices, the role of the U.S. Strategic Petroleum Reserve, and historical performance of oil benchmarks like Brent and WTI.
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