Gas Prices Rise Slightly Despite Long-Term Decline in Oil Costs

While crude oil prices have dropped 15% this year, short-term gas price increases and tariff uncertainties highlight ongoing market volatility.

The national average gas price has risen from $3.08 to $3.21 per gallon over the past month, despite being lower year-over-year.
Crude oil prices have dropped roughly 15% since January, driven by recession fears and reduced demand, not government policies.
Analysts attribute the recent gas price increase to market volatility and seasonal factors, with summer peak demand approaching.
Higher steel tariffs under the Trump administration may be discouraging domestic oil production, adding to market unpredictability.
Lower fuel costs have contributed to easing inflation, with gas prices down 9.8% year-over-year, according to recent consumer price index data.