You might have expected gas prices to spike because of what's happened between the United States and Iran. That has not been the case.
In fact, gas prices have stayed in the neighborhood of where they were before the crisis. Patrick DeHaaan with Gas Buddy tells KTRH that's because we are producing so much more oil here at home.
"We began this decade producing 13 million barrels every single day. That's up from producing 5.5 million barrels a day a decade ago," DeHaan explained.
But, the mainstream media is trying to frame it as a wait and see thing; that prices could still go up. DeHaan isn't buying that at all.
"Drivers should be, at least for the next several weeks, seeing slight downward moves at the pump. That could last until mid-February, when things suddenly reverse," DeHaan stated.
Houston Drivers are paying $2.26 for a gallon of regular unleaded, up just a penny from last week. But, the price is up 36 cents per gallon from January of 2019.