Gas Prices May Have Hit Yearly Peak

(Undated) — Tariff concerns and the restoration of production have driven gas prices lower. According to GasBuddy Head of Petroleum Analysis, Patrick De Haan, following oil’s sharp drop over the last couple of weeks, driven by concerns over the impact of U.S. tariffs and OPEC+ restoring production faster than expected, gasoline prices have posted a “notable weekly decline,” with nearly every state seeing prices fall. De Haan says that while he expects gas prices to continue trending lower, any abrupt change in the current tariff situation could eventually bring the decline to a halt. For now, the good news is that gas prices typically reach their yearly peak around April 10th, so we may have already witnessed “peak pain” at the pump for 2025. The current national average is $3.15 a gallon, down nine cents from a week ago.