Gas prices have been holding relatively steady for the better part of the month.
Gas prices have been holding relatively steady for the better part of the month.
The price for oil collapsed some 7.5 percent last week, but rebounded 8 percent during the first two trading days of the week.
A White House with a green agenda was widely criticized Wednesday for tacitly calling for more crude oil production.
California, with gas prices topping $4 per gallon, is skewing the national average higher.
GasBuddy’s Patrick DeHaan thinks gas prices will start to drop gradually.
Even with gas prices at the highest level in 6 years, demand is outpacing supplies.
Citing weeks of federal data showing surging demand, analysts say gas prices could be stuck above $3 per gallon all summer.
The last time prices topped $3 per gallon was in 2014. But that’s discouraging few commuters.
Without pipelines, oil suppliers may switch turn to potentially unsafe rail, analysts say.