Gas prices will be the ‘cheapest’ they’ve been in years, expert says
As Americans are preparing for summer trip, prices in the pump can be cool.
Patrick de Haan, President of the Oil Analysis in Gasbuddy, can bring the lowest gas prices in this summer years, and the national average gas price may fall below $ 3 in early September.
De Haan, “the economy is greatly affected by Covid since 2021 will be the cheapest summer.” Says.
As of Tuesday, the national average Gallon gas According to the US Energy Information Administration, it was $ 3.21 in the United States, two weeks ago in the United States.
Virgo was directed with a leap in oil prices due to the Israeli-Iranian conflict in the Middle East, but now both countries have accepted a ceasefire, and Haan says that the prices expect the prices to fall upright and then to continue the “slow decreases” during the summer.
De Haan says typically tending to fall throughout the summer due to various factors that increase gas supply. This softens the increasing production and consumer demand from the transition to a more expensive summer mixture of gasoline level after early travel peaks in summer, increasing production and consumer demand.
“Obviously the Middle East is an exception, but now, for now, for now, since the gas prices should continue to fall slowly during the summer.”
Gas the cheapest
De Haan says that gas prices, which are set for inflation, are close to the lowest levels we have seen in the last 20 years. Typical American Use 3% of its income Every year to fill the tanks, Haan says whether gasoline or diesel.
De Haan, because of increasing revenues, “Americans actually spend much less than they have for a while,” he says.
From year to year, the price of gas 12 % dropAccording to the latest consumer price index report published in the early June of the US Office of Statistics. This is largely due to the fear that the US economy slows down and an increase in oil supply from a group of oil -producing groups of OPEC+.
Shocks will be temporary
Ultimately, Haan says that it is important to remember that most shocks will be temporary. The price of the gas is often determined by the oil market that constantly reacts to global events – as prices increase, it will usually decrease after deterioration.
De Haan, “Every activity that affects us from a pipeline deduction… All these events are temporary to the large hurricanes affecting gas prices.” Says. “The world changes every day. Not always for the worst.”
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