Energy Analyst: Average Price Of Gas Could Approach $6 Later This Summer

Tom Kloza, global head of energy analysis for OPIS told CNN that gas prices could reach $6 a gallon this summer.

This comes as Americans saw gas prices slightly dip over the past few days.

From CNN:

But drivers shouldn’t get too excited. Beyond the fact that the drop from $5.02 a gallon to $4.98 saves only 80 cents on a 20 gallon fill-up, it’s very likely this is only a temporary retreat in gas prices.

With many schools about to let out and the summer travel season about to get into full swing, demand for gas — and prices — are likely to start climbing again soon. The average price of gas could approach $6 later this summer given current market fundamentals, said Tom Kloza, global head of energy analysis for OPIS, which tracks gas prices for AAA.

Short-sided solutions simply won’t work. The Biden administration needs to stop playing political games with gas prices and fix them. It begins with going back to Trump’s energy policies.

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