Gas Prices Rebound But Could Fall Again

(Undated) — The national average for a gallon of regular unleaded has moved back above three dollars a gallon after falling below that mark Sunday for the first time since December 2024. GasBuddy Head of Petroleum Analysis, Patrick De Haan, says increases in the Great Lakes following last week’s refinery fire boosted wholesale gasoline prices in the region. However, seasonal factors could push prices even lower in the coming weeks. GasBuddy forecasts the national average could dip into the $2.80s by year’s end as gasoline demand eases, and oil prices remain near multi-year lows. De Haan says the recent decline stems largely from OPEC’s decision earlier this year to increase oil production, marking a shift from its 2023 strategy. Combined with falling seasonal demand and the switch to cheaper winter gasoline. The current national average is $3.02 a gallon.