Gas Prices Heading Back Up

DETROIT (WWJ) – It’s been nice while it lasted, but it looks like gas prices are on their way back up.

Prices at the pump have gone down, or at least remained stable, over the past six to eight weeks, but things are about to change. That’s according to Patrick DeHaan, a senior energy analyst at GasBuddy.com, who says he expects an upward trend over the rest of the winter. Dehaan says he sees prices pushing $4.00 a gallon by early April; about the same as last year at the same time.

This comes at a time when when demand is falling…but oil prices are beginning to creep up and refining capacity continues to be a problem.

Currently, AAA Michigan says gas prices in Michigan and in the metro Detroit area are averaging just over $3.24 a gallon.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Detroit

Best Christmas Light Displays
Best Holiday Drink Ideas

Watch & Listen