Lower Gas Prices May Not Be Good News

(Undated) — The nation’s average price of gasoline has fallen for the fourth straight week. According to GasBuddy Head of Petroleum Analysis, Patrick De Haan, as concerns over tariffs and policy uncertainties grow, gas prices have continued to decline across much of the country, raising the possibility that the national average could slip below $3 per gallon and approach some of the lowest prices seen in years. However, De Haan says this decline shouldn’t necessarily be celebrated, as it comes with strong warning signs. He says when the economy slows, gasoline demand drops. He says we’ve already seen some signals that the months ahead could be “challenging.” All of this suggests that gas prices are likely to remain low for now but, if economic conditions improve, gas prices could eventually follow suit and start rising again. The national average is currently $3.05 a gallon.