Drivers may want to fill up their SUVs, hybrids and motorcycles this weekend, because higher gasoline prices could be right around the corner.
Retail gasoline prices are expected to increase as much as a nickel a gallon in the next few days on the heels of a jump in wholesale gasoline and crude oil prices.
The biggest increases will be in the Great Plains, the Southeast and other areas connected to Gulf coast supplies, said Tom Kloza, publisher and chief oil analyst at Oil Price Information Service.
“They’re going to go higher here in the next few days because essentially wholesale prices had a very strong week,” said Kloza. “They’ve rallied in anticipation of the possibility of tropical weather in the Gulf.”
FULL STORY: http://www.usatoday.com/money/industries/energy/2010-07-23-gas-prices_N.htm
Comments
Of course they’re going up. Someone has to pay for the clean up of the gulf!
#Do you Want to say something?