Gas prices dropping, but Trump effect still uncertain

Gas prices have fallen about 5 cents a gallon in the last week, to about $1.92 per gallon, according to GasBuddy.com.

“While it’s less than a week after the biggest upset in U.S. election history energy industry experts are already speculating on what steps a Trump Administration might enact first; whether the earliest initiatives might eliminate regulations or perhaps look to increase domestic oil and gas production,” said Gregg Laskoski, senior petroleum analyst for GasBuddy, in a statement.

It will probably mean approval of the Keystone XL Pipeline, Laskoski said, but it’s debatable whether that would actually help U.S. drivers.

In the near future, he said, expect prices to keep falling because of market fundamentals, rather than policy changes, he said. Gasoline inventories are healthy and wholesale prices have fallen 10 cents per gallon from a week ago.

This story was originally published November 14, 2016 at 9:53 AM with the headline "Gas prices dropping, but Trump effect still uncertain."