![President Biden on X: "Oil prices are decreasing, gas prices should too. Last time oil was $96 a barrel, gas was $3.62 a gallon. Now it's $4.31. Oil and gas companies shouldn't President Biden on X: "Oil prices are decreasing, gas prices should too. Last time oil was $96 a barrel, gas was $3.62 a gallon. Now it's $4.31. Oil and gas companies shouldn't](https://pbs.twimg.com/media/FN-LMExWUAA-uzC.png:large)
President Biden on X: "Oil prices are decreasing, gas prices should too. Last time oil was $96 a barrel, gas was $3.62 a gallon. Now it's $4.31. Oil and gas companies shouldn't
![Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma (MCOILWTICO) | FRED | St. Louis Fed Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma (MCOILWTICO) | FRED | St. Louis Fed](https://fred.stlouisfed.org/graph/fredgraph.png?id=POILBREUSDM&nsh=1&width=600&height=400)
Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma (MCOILWTICO) | FRED | St. Louis Fed
![Fact #986, July 17, 2017: The Price of a Barrel of Crude Oil in 2016 Was the Lowest Since 2003 | Department of Energy Fact #986, July 17, 2017: The Price of a Barrel of Crude Oil in 2016 Was the Lowest Since 2003 | Department of Energy](https://www.energy.gov/sites/default/files/styles/full_article_width/public/2017/07/f35/fotw986.png?itok=o4kBum_3)