gas prices

"While, on paper, tariffs on Canadian energy could have a significant impact on fuel prices, a prolonged trade war could weaken global economies, reducing demand and partially offsetting the effects of tariffs. For now, I expect a slow but modest impact on fuel prices, particularly in the Great Lakes, Midwest, Rockies, and Northeast U.S.— all markets that rely heavily on Canadian crude oil or refined product imports from Canada" says petroleum analyst Patrick DeHaan.

⛽ "As we approach the February 1 deadline for potential U.S. tariffs on Canada and Mexico— key sources of crude oil imports— we'll be monitoring for any potential impact, including the possibility of retaliatory tariffs"says petroleum analyst Patrick DeHaan.

⛽ Average gasoline prices in Wyoming have risen 3.4 cents per gallon in the last week, averaging $2.85/g today. "While gas prices haven't shifted significantly yet, oil prices have climbed to their highest level since October, driven by President Biden's new sanctions on so-called dark vessels, which have slowed countries like Iran's ability to sell oil" says Patrick DeHaan, petroleum analysis.

Prices in Wyoming are 5.9 cents per gallon lower than a month ago and stand 1 cent per gallon higher than a year ago.

"...we'll likely continue to see additional downward pressure on gas prices, with the national average potentially falling another 10 to 15 cents by Christmas" says petroleum analyst Patrick DeHaan.

The story of gas prices this summer will be all too familiar to drivers looking for relief.

After several weeks of gas prices dropping, they've jumped about six cents a gallon in the last week.

The cheapest station in Wyoming was priced at $2.09/g yesterday while the most expensive was $4.29/g, a difference of $2.20/g.

Average gasoline prices in Wyoming have risen 3.9 cents per gallon in the last week, averaging $3.63/g today, according to GasBuddy's survey of 494 stations in Wyoming. Prices in Wyoming are 5.3 cents per gallon higher than a month ago and stand 91...

DeHaan: "While the price increases could continue into this week, I would expect them to be fairly mild, with the national average likely staying in the $3.50-$3.60 range that we've been stuck in since April for the coming week and likely into next week as well."

"I continue to be optimistic that the national average will remain under $4 per gallon for most of, if not the entire summer, with Americans spending a combined $1.6 billion less on gasoline over Memorial Day weekend this year compared to last."

"We're likely to soon see gasoline prices slip to their largest year on year deficit since Covid hit..." says petroleum analyst Patrick DeHaan.