Gas prices nearing peak, relief may come soon
National average has risen 67 cents per gallon since New Year’s Day
GasBuddy Petroleum Analyst GasBuddy is a company that connects drivers with their Perfect Pit Stop. As the leading source for crowdsourced, real-time fuel prices at more than 150,000 gas station convenience stores in the U.S., Canada and Australia, millions of drivers use the GasBuddy app and website every day to find gas station convenience stores based on fuel prices, location and ratings/reviews.
GasBuddy’s first-of- itskind fuel savings program, Pay with GasBuddy, has saved Americans more than $6 million at the pumps since its launch in 2017. The company’s business solutions suite, GasBuddy Business Pages, provides Fuel Marketers and Retailers their best opportunity to maintain their station information, manage their brand, and promote to their target consumer audience. For more information, visit http:// www.gasbuddy.com.
– With the national average price of gasoline seeing its largest seasonal rise since 2011, motorists are probably ready for a well-deserved break when it comes to rising gas prices. GasBuddy, the only smartphone app connecting drivers with their Perfect Pit Stop, today predicts that relief is likely just days away from beginning in some areas of the country while others may lag behind, but that most areas will see lower prices ushered in by Memorial Day.
“It’s been a rough spring at the pump with prices advancing at a maddening pace and multi-year highs happening in more places than I can count on two hands,” said Patrick De-Haan, head of petroleum analysis at GasBuddy.
“We’re cautiously optimistic now that the worst is behind us and relief is on the horizon for nearly every area in the country.
Motorists shouldn’t get too impatient. This won’t happen overnight, but as stations begin to fill their tanks with slightly cheaper gasoline, they’ll begin to pass the savings on, just in time for Memorial Day and beyond.”