Why gas prices haven’t dropped yet

2022 was a rough year for drivers at the pump, especially after gas prices hit a record $5 per gallon in June. With the national average gas price rising once again, many drivers may be wondering when they can expect some relief at the pump.

The national average gas price recently rose for the fifth straight week, bringing it to $3.49 per gallon, according to AAA. That is 9.7 cents higher than a week ago, and Patrick De Haan, head of petroleum analysis at GasBuddy, suspects that price is unlikely to fall due to some major hurdles.

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“U.S. refining capacity is still not what it was prior to the pandemic,” De Haan said.

I think what he meant to say was “U.S. refining capacity is still not what it was prior to Biden taking office and shutting down domestic production"