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Gas Prices Spike Closer to $4 Per Gallon

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  • Description

    Patrick DeHaan of GasBuddy.com breaks down the recent increase at the price at the pump.

  • Duration 2:44
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I -- four dollars a gallon for gasoline in upstate New York over the weekend.

That means the crisis has arrived at the national averages a 380.

By the way up five cents just over the weekend.

Diesel potential -- four dollars and eleven cents a gallon this is a big problem from all the people.

Bjorn -- -- company now from Chicago is Patrick behind -- that gas buddy dot com.

Now Illinois you're -- you're in Chicago Illinois.

They just broken above the four dollar average 403.

I believe about so that's been quite a -- all of a sudden in Illinois hasn't.

That's right you know I took some time off for work and I came back home -- the station next to me had gone from 379.

This morning on the way and four dollars and 39 cents wall Lisa I'm trying to do the math we'll faster than what sixty cents in it when the time your way that's it -- -- -- -- that that -- a lot a lot of decisions all fifty cents but a lot of stations here in Chicago land.

Now well over the four dollar gallon -- you have to go way out of the suburbs now to find anywhere under four bucks a gallon now as this -- on the to do with what's called to sum up lends introducing a different blend of gasoline because -- summer driving months are ahead of us is that part of the reason why we've seen a spike.

All that that's part of the reason I think there's a lot of speculation surrounding the switch over as well refineries typically shut down part of their.

Facilities now to prepare for the summer blind.

They use the march month is a month of doing maintenance and so we're saying refineries shut down there been some issues here and there.

Refinery fire on Washington certainly didn't help us stark reminder of what the possibilities are here.

During the month of march and maintenance but a lot of what we're saying.

So -- fear premium being assessed here because of of refinery season.

The turnaround season coming in certainly a big.

-- -- -- with us earlier this year and you said look come -- -- -- you will see the spike continued.

As are you saying that for the next month and into April the price -- gas will continue to go up.

I think so I think we'll see a bit of a break here the market has has seen a pretty big rally gas prices.

-- wholesale prices all futures taking a bit of a breather here.

Such a big rally but I think we'll continue the rise.

Especially as we enter into April so may be a bit of a break here.

Folks can catch their breath and prepare for another round of increases.

Starting in early man -- it.

Early April and that may last through early Matt -- Patrick -- -- gas buddy dot com -- -- joining is again Patrick good to see you thanks so much.

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