Tropical Storm Lee Root Of Higher Gas Prices
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DETROIT (WWJ) – Mother Nature could take a major role in the cost of gasoline over the next few weeks.
Patrick DeHann of Grand Rapids-based GasBuddy.com says Tropical Storm Lee and its huge amounts of rainfall, could cripple some refinery production.
That would mean a spike in gasoline costs. But all is not lost according to DeHaan, who sees a price decline coming in the late fall:
“By Thanksgiving – I’m hopeful that the national average could come down anywhere from 20-40 cents a gallon if all goes well,” said DeHann.
The national average is now at $3.67 a gallon, while in metro Detroit, it’s about 20 cents more than that.