Friday, 31 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > Gas prices to increase ‘modestly’ despite recent oil volatility
Economy

Gas prices to increase ‘modestly’ despite recent oil volatility

Last updated: June 17, 2025 4:35 pm
Share
Gas prices to increase ‘modestly’ despite recent oil volatility
SHARE

Gas prices could see a modest increase in the coming weeks following a 7% spike in oil prices on Friday, driven by the escalating conflict between Israel and Iran. However, analysts believe that any rise in gas prices is likely to be short-lived.

According to AAA data, the national average price of gasoline was $3.14 per gallon on Monday, up $0.02 from the previous week but $0.30 lower than a year ago. GasBuddy’s head of petroleum analysis, Patrick De Haan, noted that gas prices are still 10% below last summer’s levels, leaving room for prices to increase slightly over the next week or two.

On Monday, traders appeared to downplay the impact of the conflict, with Brent crude futures falling nearly 4% to around $71 per barrel and West Texas Intermediate futures trading at around $70 per barrel. A Wall Street Journal report suggested that Tehran may be open to returning to nuclear talks to deescalate the situation, potentially leading to a decrease in oil prices.

Andy Lipow, president of Lipow Oil Associates, predicted that gasoline prices could rise by about 10 cents per gallon in the coming weeks if the conflict subsides. Despite this temporary increase, analysts expect gas prices to eventually decline in the months ahead.

Tom Kloza, chief market analyst at Turner, Mason & Co., anticipates a significant drop in gasoline prices by the end of 2025. However, he acknowledged that prices may fluctuate in the near term before trending lower.

Wall Street analysts warned that oil prices could surge to $90 per barrel or higher if the conflict escalates or if key shipping routes, like the Strait of Hormuz, are disrupted. Lipow highlighted the potential for Iran to target tankers passing through the Strait of Hormuz, which could have a significant impact on oil prices.

See also  Sky-high prices: Colorado man hit with $19,824 airport parking fee after system glitch

OPEC+ has been increasing oil output leading up to the recent conflict between Israel and Iran. Year-to-date, oil prices have been negative, with WTI down over 3% and Brent declining approximately 5%.

Overall, while gas prices may see a temporary uptick, the consensus among analysts is that prices are likely to trend lower in the long run. The situation remains fluid, and market dynamics will continue to play a significant role in shaping future price trends.

TAGGED:gasIncreasemodestlyoilPricesvolatility
Share This Article
Twitter Email Copy Link Print
Previous Article Could reusable rockets make solar geoengineering less risky? Could reusable rockets make solar geoengineering less risky?
Next Article An attorney general who HELPS bad guys and targets cops? Yep: Meet NY’s Letitia James An attorney general who HELPS bad guys and targets cops? Yep: Meet NY’s Letitia James
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Scratching an itch is so good, and so bad

One avenue of research involves targeting the immune cells involved in the itch response. Mast…

January 30, 2025

Shemar Moore’s S.W.A.T. Spinoff Drama Explained Amid Cast Backlash

It’s always tough to see a show you’ve been a part of for so long…

May 29, 2025

Private ispace Resilience probe will attempt lunar landing this week

Artist’s impression of the Resilience lunar landerispace A private spacecraft is set to make a…

June 4, 2025

Schumer Shutdown Day 7: Senate Will Not Vote on Dueling Funding Bills Today as Airports Go Dark | The Gateway Pundit | by Cristina Laila

Day 7 of the Schumer Shutdown The Senate will refrain from voting on opposing funding…

October 8, 2025

Michael Polle, Mischa Hofmann Set Up Production Company

Polle & Hofmann Pictures: A New Production Powerhouse in Germany Two of Germany's most prominent…

June 5, 2025

You Might Also Like

Dan Ives’ AI ETF Hits B in Assets Just Five Months After Launch
Economy

Dan Ives’ AI ETF Hits $1B in Assets Just Five Months After Launch

October 31, 2025
Is This The Best ETF to Invest In Ahead of Potential AI Bubble Burst?
Economy

Is This The Best ETF to Invest In Ahead of Potential AI Bubble Burst?

October 31, 2025
Alphabet hikes capex again after earnings beat on strong ad, cloud demand
Economy

Alphabet hikes capex again after earnings beat on strong ad, cloud demand

October 31, 2025
What is a merchant bank?
Economy

What is a merchant bank?

October 30, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?