‘Extremely Frustrating:’ Analyst Says As Gas Prices Rise In Multiple States Despite Trump’s Warning

Benzinga_recent_news06-30

Gas prices in some states on Monday saw a steep uptick despite President Donald Trump‘s warning against oil companies raising costs at the pump, much to GasBuddy analyst Patrick De Haan‘s frustration....

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Gas retailed for an average of $3.89/gallon in these states, according to De Haan.\nDe Haan then called out the price cycle in Michigan, where gas prices exceeded the $4 mark and averaged at $4.19/gallon. “This is an unwarranted and ridiculous spike ahead of July 4 and is a routine price cycle,” he said in the post.\nOn Monday, the national average price for a gallon of gas fell to $3.86, according to the data collected by the American Automobile Association (AAA).\nHawaii took over California as the state with the highest gas prices at $5.4990/gallon compared to the latter’s $5.4550/gallon. Washington residents also continued, on average, to pay more than $5 for gas.\nAt press time, the West Texas Intermediate (WTI) Crude was trading at $70.46/bbl while the Brent crude commanded a price of $72.74/bbl.\nCheck out more of Benzinga’s Future Of Mobility coverage by following this link.\nPhoto courtesy: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":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,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","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/2647258087","isCrawlerRequest":true}