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Oil prices are down, but when might you see the effects at the pump?

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President Biden Announces Release Of Oil Reserves In Attempt To Lower Gas Prices

LOS ANGELES, CALIFORNIA - NOVEMBER 23: Oil pumpjacks stand in the Inglewood Oil Field on November 23, 2021 in Los Angeles, California. President Biden announced a plan to release oil from the Strategic Petroleum Reserve in an effort to curb high gas prices. (Photo by Mario Tama/Getty Images) (Photo by Mario Tama/Getty Images)

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What is going on with the oil markets?

Fernando Valle, senior energy analyst at Bloomberg Intelligence, helps us make sense of it.

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