Oil Prices and Geopolitics Drive Gas Prices Higher

(Undated) — Oil prices and geopolitics have pushed gas prices higher. According to GasBuddy Head of Petroleum Analysis, Patrick De Haan, gas prices have increased for the first time in seven weeks, breaking the streak as oil prices have climbed back near $60 per barrel. De Haan says there’s still a window of opportunity to revisit, or even beat, recent gas price lows, but that window will begin to close soon. He says California will soon start transitioning back to cleaner “summer gasoline,” with most of the rest of the country following in a little over a month. However, with a surplus of “winter gasoline” built up after large inventory increases in recent weeks, he says we’re likely to see localized discounts as that fuel is cleared from the system before the seasonal rise becomes more organized in the weeks ahead. The current national average is $2.80 a gallon.