Gas Prices Projected to Rise Amid Supply Challenges

Reported 2 days ago

Gas prices are expected to increase in the coming weeks, particularly in California, due to refinery maintenance and outages, alongside the annual transition to more expensive summer fuel blends. Currently, the national average for gasoline is $3.16 per gallon, with forecasts indicating potential increases of $0.25 to $0.60 until mid-April. Despite short-term spikes, predictions for the second half of the year suggest lower average gas prices, potentially dropping below $3 per gallon, mainly due to declining crude oil prices and decreased consumption.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis