More often than not, retail gasoline prices start to move lower in the fall—but this is not a typical year.
gasoline
Ida is rivaling 2005’s Hurricane Katrina in terms of the impact on the U.S. energy sector, with prices rigid at 7-year highs.
Gas prices have been holding relatively steady for the better part of the month.
Retail stations have to start selling a cheaper blend of gasoline by mid-September.
Gas prices are rising to the highest levels since 2014.
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.
While supply is finally catching up with demand for gas in the U.S., a shortage of truckers to move it is keeping prices sticky.
Citing weeks of federal data showing surging demand, analysts say gas prices could be stuck above $3 per gallon all summer.
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