STATE WIDE–Gas is only going up from here, said GasBuddy’s Patrick DeHaan. It’s partly because gas cycles up and down in the Midwest. But, DeHaan indicated the prices you’re seeing today might be the lowest you’ll see for a while.
“This is as good as it gets in terms of low prices,” he said. “I really think we’ve already seen the lowest prices behind us.”
DeHaan, head of analysis at GasBuddy, pointed out that the rises this week are the fourth price hikes in a month.
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“Oil prices are up to $55 a barrel. Wholesakle gas prices have been higher in the past couple of days and that’s what’s prompting stations to raise prices.”
He said even bigger increases can be expected after Valentine’s Day, when yearly refinery maintenance typically begins.
“As we progress towards March and April, then we are already beginning the long transition to summer gasoline as well. That usually brings on kind of a double dose of price increases from Valentine’s Day, through April or May,” said DeHaan.
DeHaan’s advice: If you see a low price, especially under $2, it might be a good idea to fill up.
PHOTO: Chris Davis/Emmis
