"For now, the good news is that gas prices typically reach their yearly peak around April 10, so we may have already witnessed 'peak pain' at the pump for 2025. "
"As we head into April, Americans should expect gas prices to rise, with a peak that could occur in mid-to-late April. While average prices remain well below last year's levels, we’ll likely begin to catch up, with prices expected to increase in most— if not all—states over the next few weeks.
"This increase has nothing to do with politics or tariffs— which remain paused for now— but is instead the result of seasonality, and is something that happens almost every year" says petroleum analyst Patrick DeHaan.
⛽ According to GasBuddy price reports, the cheapest station in Wyoming was priced at $2.39/g yesterday while the most expensive was $3.69/g, a difference of $1.30/g.
"While, on paper, tariffs on Canadian energy could have a significant impact on fuel prices, a prolonged trade war could weaken global economies, reducing demand and partially offsetting the effects of tariffs. For now, I expect a slow but modest impact on fuel prices, particularly in the Great Lakes, Midwest, Rockies, and Northeast U.S.— all markets that rely heavily on Canadian crude oil or refined product imports from Canada" says petroleum analyst Patrick DeHaan.
⛽ "As we approach the February 1 deadline for potential U.S. tariffs on Canada and Mexico— key sources of crude oil imports— we'll be monitoring for any potential impact, including the possibility of retaliatory tariffs"says petroleum analyst Patrick DeHaan.
⛽ "...with President Trump's inauguration tomorrow, there could be price impacts depending on the executive orders he is preparing to sign. We'll be closely monitoring potential impacts from any orders, while the threat of tariffs and possible retribution from Canada remain top of mind" notes petroleum analystt Patrick DeHaan.
⛽ Average gasoline prices in Wyoming have risen 3.4 cents per gallon in the last week, averaging $2.85/g today. "While gas prices haven't shifted significantly yet, oil prices have climbed to their highest level since October, driven by President Biden's new sanctions on so-called dark vessels, which have slowed countries like Iran's ability to sell oil" says Patrick DeHaan, petroleum analysis.