Gas prices should keep falling if we can avoid the 'perfect storm': GasBuddy analyst
National average for gas could retreat to $3.79 per gallon by Labor Day Weekend, said Patrick De Haan
Patrick De Haan, head of petroleum analyses at GasBuddy, said that gas prices have "improved significantly over the summer," telling, "Mornings with Maria," Thursday, that, barring hurricanes or disruptions, Americans should continue to see prices decline.
PATRICK DE HAAN: [Gas prices] Improved significantly over summer and Labor Day is one of the less traveled summer holidays still expecting millions to hit the road with gas prices, as you mentioned, that have fallen. We currently show prices at $3.82 a gallon, I think by Labor Day we'll drop to about $3.79 a gallon. The good news is barring any hurricanes or disruptions, I think Americans will continue to see gas prices going down perhaps giving them some incentive to hit the road for the last summer holiday of the year.
GAS PRICES DIP BELOW $4 A GALLON, HERE'S WHY IT STILL COULD BE BAD NEWS FOR BIDEN
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Looking at a storm like Hurricane Harvey or a Hurricane Ida like we saw last year. We're still in a precarious situation where supply remains extremely tight and the storm you'll want to be wary of is any storm entering the Gulf of Mexico, a stronger 3, 4, or 5 category that heads for an area between New Orleans and Houston. If we do get that perfect storm gas prices could suddenly jump over 50 cents a gallon.
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