Gas Prices Remain a “Mixed Bag”

(Undated) — Last week was another “mixed bag” at the pump for many Americans. According to GasBuddy Head of Petroleum Analysis, Patrick De Haan, here in the U.S., slightly more than half of the states saw gas prices rise, while many others saw modest declines. De Haan says the most notable development is OPEC+’s decision to raise production next month, as oil prices hover near their lowest levels since the pandemic. While gasoline inventories have been tightening due to ongoing refinery maintenance, which has limited how much gas prices have fallen in response to lower oil prices, refinery output is expected to rise soon. De Haan says that as maintenance wraps up, we could see an increase in gasoline supply and a national average that may soon dip below $3 per gallon.