Understanding the Gas Price Rollercoaster

<p>We are finally starting to see gas prices going down in some parts of the country and the Biden Administration is touting its part in it, including pointing out that prices at the pump have fallen for 38 straight days. But in reality, how much of an impact does a president have on the cost of gas? According to Patrick De Haan, lead analyst for Gas Buddy and self described gas price myth buster, not a whole lot. In fact, he says the drop in price is being held by a string and that it won't take much to break it.</p><p>The team at 5 Things sat down with De Haan to get to the nitty gritty of why the cost of gas is what it is today and what we can expect in the coming weeks and potentially the rest of the year. His answers may surprise you.</p><p>For more on articles on gas price coverage, click <a href="https://www.usatoday.com/story/money/reviewed/2022/08/04/wholesale-club-deals-gas-groceries-sales-walmart-sams-club-costco/10235191002/?utm_source=podcast&amp;utm_medium=show_description&amp;utm_campaign=5things" rel="noopener noreferrer" target="_blank">here</a>, <a href="https://www.usatoday.com/videos/news/nation/2022/07/22/biden-touts-falling-gas-prices-virtual-meeting/10131775002/?utm_source=podcast&amp;utm_medium=show_description&amp;utm_campaign=5things" rel="noopener noreferrer" target="_blank">here</a> and <a href="https://www.usatoday.com/story/money/2022/07/15/gas-prices-go-down-cheapest-expensive/10072702002/?utm_source=podcast&amp;utm_medium=show_description&amp;utm_campaign=5things" rel="noopener noreferrer" target="_blank">here</a>.</p><p>To learn more about Patrick De Haan and Gas buddy, click <a href="http://patrickdehaan.com/" rel="noopener noreferrer" target="_blank">here</a>. To follow him on Twitter, click <a href="https://twitter.com/GasBuddyGuy" rel="noopener noreferrer" target="_blank">here</a>.</p><p>To follow James Brown on Twitter, click <a href="https://twitter.com/jamesbrowntv" rel="noopener noreferrer" target="_blank">here</a>.</p><p>Episode Transcript <a href="https://www.us