April 20, 2014

Gas prices spike

You may be paying more for gas in the next week or so.

You may be paying more for gas in the next week or so. Gasbuddy.com is reporting that they are expecting prices to rise after comments from the Fed about reducing their lending pushed oil prices over $100 a barrel last week.

Analyst Patrick DeHaan says there are also reports of some refinery problems in the Midwest and the Great Lakes. This is coupled with the usual restriction in wholesale supply as oil companies get ready for end-of-year taxes. DeHaan says prices are expected to go over $3.20 a gallon, a number we may not see again for some time.

Raymond Neupert, WSAU