Patrick De Haan, head of petroleum analysis at GasBuddy, is warning drivers that national gasoline prices could reach $3.80–$3.85 per gallon. He says $4 per gallon remains possible but is not imminent. Diesel could climb to $5.05–$5.15 per gallon.
De Haan made the forecast in a series of posts on X (formerly Twitter) on Monday.
National Average Hits Highest Level Since October 2023
GasBuddy data shows the national average gasoline price has already reached $3.70 per gallon. That is the highest level since Oct. 6, 2023.
The national average has risen 23.2 cents over the past week and 80.0 cents from a month ago. It stands 66.1 cents higher than a year ago, De Haan wrote on Substack.
“Americans today will spend $307 million more on gasoline than a month ago,” De Haan posted on X.
The national average diesel price now stands at $4.951 per gallon, up 34.0 cents in the last week. Diesel is approaching the $5 per gallon mark nationally.
Midwest Price Hikes Push …
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