• The International Energy Agency last week announced it would release 60 million barrels of crude oil from reserves. This includes 30 million barrels from the U.S. Strategic Petroleum Reserve.
• Why? A reduction in Libyan production coupled with failure from Organization of Petroleum Exporting Countries on June 8 to agree to raise production quotas.
• Pennsylvania’s average price of self-serve gasoline is $3.591. That’s 21.5 cents less than a month ago and 85 cents higher than a year ago.
Find out what's happening in Pottstownfor free with the latest updates from Patch.
• In the Philadelphia area, the average price for self-serve regular unleaded gasoline is $3.691 per gallon or 20.1 cents lower than a month ago and 91.8 cents more than a year ago.
• Source: Theresa Podguski and Priscilla Rosado of the East Penn Region of AAA East Central that covers local counties including Montgomery, Bucks and Chester.Find out what's happening in Pottstownfor free with the latest updates from Patch.
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