Photo: Rock Staar / Unsplash
According to an investigation carried out by GasBuddy, gasoline prices in the United States registered a new increase during this week , increasing the national average to 3.5 cents from last month’s prices and $ 1. 000 per gallon over last year, for a total of $ 3. 18. This increase also affected the price of diesel, which now has an average value of $ 3. 27, two more cents for each gallon. According to this research, this phenomenon could be temporary and be associated with the production and sale of oil in the United States, a process that has been affected in recent weeks due to the fall in crude oil values as one of the consequences derived from the COVID pandemic: West Texas Intermediate went from cost $ 73. 15 to $ 65. 62, while Brent went from almost $ 75 to $ 68. 18.
A few weeks ago, gasoline prices also increased considerably, but then stabilized . For Patrick De Haan, head of oil analysis at GasBuddy : “Motorists have seen that the average prices of Gasoline rose slightly in the last week, even as the price of oil experienced selling pressure. This leads me to believe that the tide could soon turn gasoline prices, as long as we don’t see the hurricanes target the country. Additionally, GasBuddy data showed a decline in gasoline demand last week as we move towards the end of the summer driving season, a time when demand softens. ”
De Haan also expects that, in the coming weeks, the first drops in gasoline prices will begin to be experienced. , consistent with the season, but says it is still an uncertain scenario. However, this expert sees much more feasible that the true falls begin to appear between the end of this semester and the beginning of the next semester, a period closer to winter, the time of year when gasoline is cheapest.
GasBuddy research – which analyzes more than 11 million individual price reports from 150, 000 gas stations in the country— also shows that the demand for Gasoline in the country fell suddenly by 1.6% compared to the previous week , during which the highest level of demand was registered so far this year. GasBuddy also mentions that the states with the highest prices are California, Nevada and Hawaii, with $ 4. 37, $ 4. 04 and $ 4. 04, respectively. On the other hand, the states with the lowest prices are Mississippi, Louisina and Texas.
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