They anticipate especially expensive gasoline towards the spring: it could exceed $4 a gallon
After the Christmas holidays, the return to real life is complicated, and even more so when It is warned that for the spring the price of gasoline could cost around $4 dollars per gallon.
And it is that Patrick De Haan, the head of oil at GasBuddy told Fox Business that consumers could begin to experience “real pain” at the gas pump in the coming months.
According to the expert, drivers may see a “much steeper increase in prices” from March to May.
The reasons: Because it probably won’t be until March, when temperatures rise and spring break approaches, that “we will start to see an increase in gasoline demand, along with refineries doing maintenance ahead of the summer driving season, creating a contractionDeHaan said.
He National average price of a gallon of gasoline in the United States rose to $3.31 this weekup 1.3 cents from a week ago, according to GasBuddy data, ensuring drivers are off to a rocky start to 2022.
De Haan sees an increase of 10 to 20 cents a gallon each month until May, when the national average could hit or exceed $4 a gallon.
GasBuddy noted that the country is currently facing “mild increases in most areas” and earlier this month projected that the National average price of a gallon of gasoline could even rise to a high of $4.13 in June.
For the app and website company that tracks gas prices in real time, most major cities could see price peaks of about $4 a gallon, though in California, cities like San Francisco and Sacramento could see the prices climb to over $5 a gallon.
However, after the summer, GassBuddy forecasts that prices will decline, and could drop to just under $3 a gallon by the end of the year..
The states with the lowest average prices so far are Oklahoma, Texas and Arkansas, while California, Hawaii and Washington continue to have the highest average prices in the country, according to the app’s reports.
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