Sexta-feira, 24 Fevereiro, 2017

Experts say gas prices holding steady for now

Gas prices up in metro Detroit Gas prices up in metro Detroit
Felício Luz | 16 Fevereiro, 2017, 00:12

"The era of falling gasoline prices will likely be coming to an end soon at a gas station near you", Patrick DeHaan, senior petroleum analyst for GasBuddy.com, said in a news release. It is also up 56 cents from last year's average of $1.54, but it fell 12 cents from last month's average of $2.22.

In Georgia, the average price is $2.180, which is the same as one week ago, according to AAA.

Gas prices are up this week - and experts say it's because of cuts in oil production.

GasBuddy expects prices to rise very soon above $3 a gallon in many large cities. This is 8 cents cheaper than last week's average.

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Prices locally haven't been above $3 a gallon since the fall of 2014.

OPEC's confirmation on Monday that the promised cuts in production occurred only pushed crude oil prices upwards to over $52 a barrel.

While I remain optimistic this year will not bring a 'running of the bulls, ' we're likely to see some major increases at the gas pump as the seasonal transition and refinery maintenance get underway.

Compared to early February 2016, gas prices already are considerably higher.

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Midland Odessa- $2.09/g, down 1.4 cents per gallon from last week's $2.10/g.

"U.S. regular gasoline retail prices are forecast to average $2.39 per gallon in 2017 and $2.44 per gallon in 2018", the report read.

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