GasBuddy Analyst: If We Were to See a Sub-$3 Gas, It Would Happen Later This Fall

EXCERPT:

DE HAAN: “I don't expect prices to fall below $3 a gallon until later this year. And that's still a big if that happens. I think right now with the constant back and forth and the re-escalations happening, it's maybe reducing the odds of that. If we were to see a sub $3 a gallon average, it would likely be later this fall into the winter. That's when we tend to see lower prices compared to the summer. But I don't know that prices have peaked. So I think both President Trump and Secretary Wright are correct. In some areas prices may not necessarily fully decline yet until there is some sort of resolution, but it's looking a little bit murky. I definitely don't think we're going to see many states under $3 this summer. There's still a possibility that that could happen in a few places, but certainly not the national average until later this year.”