Top Analyst Predicts Gas Prices Are About to Hit a Record High By This Date— And Iran's Latest Missile Attack Won't Help
Patrick De Haan warned U.S. gasoline prices could stay above $4 per gallon beyond August 8 for the first time on record, calling the potential milestone concerning. On Tuesday, the GasBuddy analyst said U.S. gas prices are on track to set a new record for the highest average price ever recorded for August 5, with the national average currently at $4.08 per gallon and expected to surpass even 2022 levels within about “7 days.” “August 5th will be the date we’re able to say the national average is at its highest level ever for the date,” he wrote on X. In another post, he mentioned that so far Americans have spent “$356 million more” on gasoline than they did a year back. ICK: in ~7 days, you're going to see new all-time records set for highest August gas prices ever- even compared to 2022. At the current $4.08/gal, August 5th will be the date w...
S. gasoline prices could stay above $4 per gallon beyond August 8 for the first time on record, calling the potential milestone concerning. S. ” “August 5th will be the date we’re able to say the national average is at its highest level ever for the date,” he wrote on X.
In another post, he mentioned that so far Americans have spent “$356 million more” on gasoline than they did a year back. ICK: in ~7 days, you're going to see new all-time records set for highest August gas prices ever- even compared to 2022. 08/gal, August 5th will be the date we're able to say the national average is at its highest level ever for the date. S.
-Iran tensions. He added that Ukrainian strikes on Russian refineries and Russia’s diesel export restrictions have tightened global fuel supplies, while any de-escalation could help bring prices down. The analyst also highlighted the “intertwined” nature of the global economy as a key reason Russia’s refinery troubles could push fuel prices higher. S.
329/gallon, according to data from the American Automobile Association (AAA). Speaking at General Motors Co. (NYSE: GM ) Milford, Michigan, facility, President Donald Trump claimed the United States has a "thousand-year supply of gasoline" and said China lacks comparable energy resources. S.
has even greater overall oil availability. S. and Iran paused hostilities, gasoline prices at the pump may remain elevated even as crude oil becomes cheaper. S.
S. forces in the Middle East in an attempted surprise attack, but all were intercepted. S. S.
” Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors. Image via Shutterstock Read Also: Iran, Oman Reportedly Work Out Hormuz Deal as Trump Sees 'Very Friendly Negotiations' On Ending the War: 'Good Chance…Something Could Happen'