Gas Prices Remain Low Despite Oil Price Jump

(Undated) — Gas prices fell over the last week. According to GasBuddy Head of Petroleum Analysis, Patrick De Haan, while oil prices jumped to their highest level in months amid geopolitical tensions, a weakening U.S. dollar, and supply concerns, the national average price of gasoline saw little change compared to a week ago. He says just over half of states saw gas prices decline, led by Indiana, Ohio, and other “price-cycling” states that had previously seen prices jump but have since started to fall. Meanwhile, prices are rising across much of the West Coast as the transition to summer gasoline begins, and attention turns to another refinery shutdown in California expected in April. De Haan says over the coming weeks, we’re likely to see more states experiencing increases than decreases. The current national average is $2.87 a gallon.