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How do you sound under $ 3 the gallon this summer?

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Gasoline prices are expected to be updated in a good way, in the coming weeks, reflecting the future of oil.

The national average gasoline was on Monday at $ 3.16 per gallon, according to AAA data. This is about $ 0.02 more than a week but more than $ 0.40 lower than last year. The most expensive summer mixtures and the maintenance of the refinery sent prices to the bomb that is seasonally higher in March.

Although prices were a bit reduced in April, a greater impact on oil prices are not yet to be seen.

“Given that gasoline inventories are declining, we have not seen gas prices fall as much as oil prices,” Gasbuddy’s head, Gasbuddy’s oil analysis, Patrick de Haan, told Yahoo Finance. “But with the maintenance season of refinery, I think there is a solid possibility that we could see the national average less than $ 3 per gallon this summer, as the inventories will probably begin to grow.”

At least 23 states are already seeing an average less than $ 3 per gallon, including Texas and the rest of the Gulf coast, the Midwest, and even some parts of New England, such as Rhode Island, Maine and New Hampshire.

The price per gallon is published for gasoline qualifications available for motorists at an exxon station on March 23, 2025, in Littleton, Colo. (AP Photo/David Zalubowski)
The price per gallon is published for gasoline qualifications available for motorists at an exxon station on March 23, 2025, in Littleton, Colo. (AP Photo/David Zalubowski) · Associated press

On Monday, oil prices decreased up to 2% over the expectations of an impulse in supply, while the demand for the war war was lost.

West Texas Intermediate (Cl = f) Future fell around $ 57 the barrel while Brent raw (Bz = f), the international point of reference, also reduced to $ 60 per barrel.

Prices decreased after members of the Organization of Oil Exporting Countries on Saturday agreed to increase production levels next month with the same increase as in May. Wall Street is expected to increase production in July.

“Our key conviction is still that the high capacity for replacement and high recession risks occur the risks for oil prices at disadvantage, despite relatively tight points,” Goldman Sachs analysts wrote on Sunday night.

In April, the prices of the crude thing have been its worst monthly fall since November 2021 in the midst of fears due to a world economic fall and require a clash to President Trump’s fare politics.

President Trump has made the lower energy costs an angular stone of his administration.

“Although the recent de -escalation in commercial conversations has reduced the likelihood of a bear case, the” Trump Put “does not extend to energy, as the administration continues to prioritize the lowest prices of oil to manage inflation,” Jpmorgan analysts wrote last week.

Stockstory aims to help individual investors overcome the market.
Stockstory aims to help individual investors overcome the market.

Ines Ferre is a higher business journalist from Yahoo Finance. Follow -The to x to @ines_Ferre.

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