Gas Prices Climb as Oil Prices Surge

(Undated) – Following a short lived reprieve gas prices have started to climb. According to GasBuddy Head of Petroleum Analysis, Patrick De Haan, oil prices have surged to nearly $74 per barrel, the highest level in months, driven by optimism that China’s recent economic policy shifts could boost oil demand, resulting in one of the largest weekly climbs in U.S. gas prices in months. He says while the national average dipped below $3 per gallon for a few days in recent weeks, those days are likely behind us. GasBuddy’s 2025 Fuel Outlook, released last week, forecasts continued slight increases at the pump in the weeks ahead, before the larger seasonal spike begins in mid-to-late February and lasts through spring. The current national average is $3.07 a gallon.