Gas Prices Remain Largely Unchanged

(Undated) — The nation’s average price of gasoline has held relatively unchanged. According to Patrick De Haan, Head of Petroleum Analysis at GasBuddy, gas prices remain in the low-$3-per-gallon range as oil prices remain anchored in the $60 range. De Haan says for the majority of motorists in “non-price cycling” states, gas prices will likely remain near current levels as we head toward Labor Day. However, it’s worth watching developments around a potential peace deal between Russia and Ukraine. He says if such an agreement materializes, it could send oil prices lower on expectations that sanctions against Russia might be eased, effectively boosting global oil supply.