Summer gas prices expected to rise ahead of peak travel season

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Energy Information Administration News

Gas Prices,Price Action

Gas prices (RB=F) are expected to rise by about $0.10 per gallon this summer, according to the Energy Information Administration (EIA), as crude oil futures ...

Yeah, Josh and the EI A had recently said that they are forecasting that gasoline prices could go up by about 10 cents per gallon this summer.And this is because of refining capacity being lower also because of refining costs.

Now, earlier today, we spoke to gas buddies, Patrick Deja and he had said that he doesn't see that 10 cent rise necessarily this summer.You do see some hurricane action, especially around the time of August.As far as oil is concerned, we have seen oil inching higher part of this has to do with the drone attacks from Ukraine that are continuing against Russian refineries.

 

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