Venezuela's oil and your gas prices
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“2025 wasn’t a year of dramatic spikes or declines — it was a year of rare stability,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Prices still followed a seasonal pattern, but they stayed confined to one of the narrowest ranges drivers have seen in years.”
The nation’s average price of gasoline fell 1.2 cents over the past week to $2.74 per gallon, according to GasBuddy data compiled from more than 12 million
GasBuddy said Monday the average price of fuel has gone down consistently for the last six weeks across the country. It said it expects prices to continue to fall, at least in the short term, regardless of the situation in Venezuela.
Michigan gas prices dropped 11 cents since last week, at $2.70 per gallon for regular unleaded, AAA announced Monday.
Watch the Video Lee and I discussed a data point that has major economic implications. The national average price for regular gasoline has dropped to about $2.75 per gallon, a level not seen in a long time.