Saturday, January 30, 2016

Are Gasoline Prices About to Spike?

The average U.S. price for a gallon of regular gasoline stood at $1.806 late Friday, according to That’s down 23.6 cents from last year’s average of $2.042 a gallon.

According to Myra Saefong at Market Watch, Michael Green, a spokesman for AAA, said that if crude stabilizes above $30 a barrel, “then most drivers may soon pay more at the pumps.”

“We are entering the time of year when gas prices can jump very quickly,” Green said. “ It’s common for gas prices to jump this time of year as refineries conduct seasonal maintenance, which means the days of paying less than $2 for gas might be numbered.”


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