Gas Prices Breach $4, GasBuddy's Patrick De Haan Says 'Don't Settle For Once-A-Day Data'

Benzinga03-31

The national average for regular gasoline hit $4.008 per gallon on Tuesday morning, marking a significant psychological and economic milestone for American consumers. According to data from GasBuddy, ...

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Read the latest on $XOP and $USO.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PATK":"Patrick Industries","BK4124":"机动车零配件与设备"},"translate_title":"GasBuddy的Patrick De Haan表示，天然气价格突破4美元，“不要满足于每天一次的数据”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PATK":1.5},"content_text":"The national average for regular gasoline hit $4.008 per gallon on Tuesday morning, marking a significant psychological and economic milestone for American consumers.\nAccording to data from GasBuddy, this level represents the highest average since August 2022, fueled by a historic monthly surge.\nThe current price action reflects the largest monthly increase ever recorded by GasBuddy. Gasoline prices have climbed $1.059 per gallon over the last 30 days, while diesel has soared by $1.701.\nPatrick De Haan, Head of Petroleum Analysis at GasBuddy pushed the importance of monitoring live updates rather than daily reports.\n“Don’t settle for once-a-day data… been watching real-time updates every 5 min,” De Haan wrote on X. He specifically highlighted Florida, where prices soared after stations jumped to $4.299 per gallon, pushing the state average up 14.4 cents in a single afternoon. Similar “price cycles” were flagged in Michigan, Ohio, and Illinois.\nThe price hike coincides with escalating conflict in the Middle East. Brent crude futures rose toward $108 per barrel following an Iranian attack on the Kuwaiti tanker Al-Salmi near Dubai, according to Trading Economics.\nDe Haan warned that diplomatic efforts must address the Strait of Hormuz. “Ending a war while leaving Hormuz closed isn't \"peace\",” he wrote. He argued that leaving the chokepoint restricted guarantees long-term instability and “economic shock.”\nMarket sentiment is reacting to reports that President Donald Trump may consider ending U.S. military operations against Iran even if the Strait of Hormuz remains closed. \nThis shift occurs as Secretary of State Marco Rubio confirmed the U.S. is conducting indirect talks with Tehran through intermediaries.\nImage via Shutterstock\nThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2623758208","isCrawlerRequest":true}