Gas Prices Rising, But Not Due to Tariffs

Gas prices have climbed in recent weeks, but potential tariffs are not to blame, according to GasBuddy’s head of petroleum analysis, Patrick DeHaan. “Prices going up seasonally is something that happens almost every year in the spring,” DeHaan said. “Usually, a confluence of refinery maintenance really inhibits refineries’ ability to produce as much gasoline at a time that demand is going up.” While tariffs could potentially lower gas prices, DeHaan warned that it would come at an economic cost. “It’s because of potential economic fallout that tariffs could wreak on the U.S. economy, slowing it down and slowing down gasoline consumption and potentially pushing prices lower.”