Patrick de Haan, GasBuddy’s head of petroleum analysis, discusses whether the average gas price will fall below $2 a gallon under Trump.
Drivers getting relief at the pump this week due to average costs gallon of regular gasoline Reached a three-year low in America.
aaa tracker National average gas prices Tuesday morning indicated the price of a gallon of regular-grade gas was $3.01.
Andrew Gross, a spokesman for the organization, said the national average “is close to falling below $3 a gallon, and that could happen in a matter of days.”
A customer pumps gas at a Mobil gas station in Los Angeles on October 5, 2023 where a sign shows fuel prices nearing $8 a gallon. (Patrick T. Fallon/AFP via Getty Images/Getty Images)
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AAA said Oklahoma, Mississippi, Texas, Arkansas and Kansas were among the few states where pump prices were the cheapest last week.
It comes like this ready motor gasoline The US saw demand rise by 8.738 million barrels per day for the week ending Nov. 29, according to the Energy Information Administration.
Nationwide, the average price per gallon of gas was below $3 in mid-May 2021, according to AAA.
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GasBuddy, which also tracks fuel prices, said the average cost of gas remained below $3 on Monday.
A customer holding a $20 bill pumps gas at a Phillips 66 gas station in Centennial, Colo. (Reuters/Rick Wilking/Reuters Photos)
“I think we’re hitting bottom,” Patrick de Haan, head of petroleum analysis at GasBuddy, told Fox Business. “We could stay within five to 10 cents a gallon of today’s national average of $2.99 for the next week or two. We could start moving around that be it Christmas or New Year By a nickel or a dime. “It won’t be much, but then we’ll start a seasonal increase in mid-February, when prices will start to rise more clearly.”
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According to AAA, the average price of regular gas was $3.15 a gallon a year ago.
Average prices hit an all-time high of $5.01 in June two years ago.
