Tags: gas | pump | prices | rise | virus

Gasoline Pump Prices Rise for First Time in Months

Gasoline Pump Prices Rise for First Time in Months
(Walldemarus/Dreamstime)

Thursday, 30 April 2020 02:46 PM EDT

American pump prices are on the rise for the first time since the coronavirus pandemic spurred widespread lockdowns and took drivers off the road. But the bump probably won’t last into next week.

The national average reached $1.772 per gallon Thursday, marking the first increase since Feb. 22, according to data from AAA and GasBuddy. Refiners curbing production to avoid a supply glut briefly put a floor on prices, sparking the rebound, according to Patrick DeHaan, a GasBuddy analyst.

Party's over. It was good to see you again, friend. Until next time... if there is a next time. pic.twitter.com/Na61neo5dQ

— Patrick De Haan (@GasBuddyGuy) April 30, 2020

While gains in the cash gasoline market, particularly in Chicago and California, may end the days of sub-$1 gasoline seen in some parts of the country, prices at the pump won’t stay up for long.

“I think we’ll see it go up one or two days, and then continue the downward trend. We’ve still got 40 of the 50 states that are moving down,” DeHaan said.

© Copyright 2026 Bloomberg News. All rights reserved.


StreetTalk
American pump prices are on the rise for the first time since the coronavirus pandemic spurred widespread lockdowns and took drivers off the road. But the bump probably won’t last into next week.
gas, pump, prices, rise, virus
172
2020-46-30
Thursday, 30 April 2020 02:46 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved