Falling gas prices could ‘stall out’ due to certain factors, GasBuddy analyst warns – By Talia Kaplan (FOX Business) / July 18, 2022
The national average for a gallon of gas slipped Monday to $4.52: AAA
GasBuddy head of petroleum analysis Patrick De Haan explained what factors could cause falling gas prices to “stall out,” warning that “we are not out of woods yet just.”
De Haan made the argument on FOX Business’ “Mornings with Maria,” Monday, as the national average for a gallon of gas slipped slightly to $4.52 from $4.53 the day before, according to AAA.
Gas prices have been on the decline since hitting a high of $5.016 on June 14. A week ago, the average price of a gallon of gasoline in the U.S. was $4.67; and, one month ago, was just under $5 at $4.98, according to AAA, which noted that Monday’s national average was $1.35 more compared to the same time last year.
De Haan argued told ‘Mornings with Maria’ that “the potential is there” that the U.S. could “see the national average falling under $4 a gallon by mid-August.”
