“With oil prices finally falling last week with inflation fears and concerns about an increase in COVID-19 cases in Europe impacting oil demand, drivers who fill their tanks may soon have a brief respite from the increase gas prices, ”GasBuddy Chief Oil Analysis Patrick De Haan said. “Although demand for gasoline reached its highest level in the last week since the start of the pandemic, concerns that the growth in demand for oil will stop with the increase in COVID-19 cases in Europe are eroding the recent increase in oil . Although gasoline prices have still gone up in most states in the past week, we can see some price drops in the week or weeks ahead, even though demand for gasoline in the U.S. has continued to rise to the highest level since the pandemic started long ago almost a year. It will be a bumpy road in the coming weeks, as markets classify factors as bearish and bearish, but I still believe that prices are likely to experience an upward momentum before Memory Day. “
