With winter weather keeping drivers off the roads, the national average for gasoline has held at a relatively low $2.85 per gallon. Muted demand this slow-driving season has kept crude oil prices stuck in the high-$50s to low-$60s range, keeping pump prices subdued. Expect demand to ramp up in late February and early March as milder weather and spring travel return, putting upward pressure on prices heading into the driving season.
With winter weather keeping drivers off the roads, the national average for gasoline has held at a relatively low $2.85 per gallon. Muted demand this slow-driving season has kept crude oil prices stuck in the high-$50s to low-$60s range, keeping pump prices subdued. Expect demand to ramp up in late February and early March as milder weather and spring travel return, putting upward pressure on prices heading into the driving season.
About the Author
