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ABC-7 Xtra: Rising gas prices ahead of the Memorial Day weekend

EL PASO, Texas -- The question of how high gas prices could surge this summer kicks into overdrive as we near the Memorial Day weekend. Analysts with JP Morgan Chase predict a 30% increase by August, raising the national average to $6 per gallon.

California has already crossed the $6 mark for regular. El Paso drivers have been paying some of the highest prices in the state, although it is currently below the state average.

The head of petroleum analysis at Gas Buddy has tracked oil markets for two decades.

He joins ABC-7 Xtra to talk about his predictions for this summer and whether we might be seeing some relief anytime soon.

Patrick De Haan busts some of the gas price myths he says have more to do with politics than reality.

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David Gonzalez

ABC-7’s digital content director

Comments

13 Comments

  1. No, you moron. Oil companies and their price gouging did that. Time for government price controls. Set the price of diesel at $.75/gallon and regular at $.50/gallon. Place oil company CEOs in prison cells.

    1. Nope. I thought you hung on ever word of your incompetent President. When he was in S. Korea, the pedophile in cief said the gas price increases was intentional to force people to go electric. The tyrant in the White House wants people dependent on an unreliable, unsustainable system. The President is a Moron.

    2. Hey nitwit since you voted for senile Joe you should be paying for the extra cost of gasoline for people that did not vote for senile Joe. It was $2.25 a gallon back in December 2020 under Trump.

    3. “Here’s the situation. And when it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over,” Biden said, seeming to justify or praise those sky-high prices Americans face at the pump.

  2. It’s all senile Joe’s fault. He wants you to go out and buy a $60K EV to save $50 per month in gasoline. Explains why his economy is so effed up.

  3. This is from biden – “Here’s the situation. And when it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over,” Biden said, seeming to justify or praise those sky-high prices Americans face at the pump.

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