Gas Prices Appear to Stabilize for Now

(Undated) – The recent rise in gas prices appears to be “on pause” for now. According to GasBuddy Head of Petroleum Analysis, Patrick De Haan, oil prices have declined over the last week and that downturn has caused gas prices to stabilize, for the time being. De Haan says as the February 1st deadline for potential U.S. tariffs on Canada and Mexico, both key sources of crude oil imports approaches, GasBuddy will monitor for any potential impact, including the possibility of retaliatory tariffs. He says for now, he remains hopeful that tariffs won’t materialize, and gas prices could stay relatively stable over the next few weeks, at least until the seasonal rise in prices begins in mid-to-late February.