Reported 11 months ago
As oil prices rise, gas prices remain stable due to soft demand at under 9 million barrels a day, compared to 2019 and 2018. GasBuddy's head of petroleum analysis, Patrick De Haan, notes the influence of COVID on travel demand, mentioning 'revenge travel' in 2022 and domestically in 2021 and 2022. De Haan also discusses Biden's limited leverage over gas prices in an election year, highlighting potential strategies and the impact of natural disasters like hurricanes on gas prices.
Source: YAHOO