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GasBuddy.com’s Gregg Laskoski breaks down why gas prices haven’t seen the same percentage losses as crude.
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Gallon on a statement gas prices and bring in Greg must LC from gas body in Tampa I'm Gregg.
Put a lot of our -- -- want to know is this why how calm all oil is way way down and it really has sold off.
Get gas prices yet that down but not as much as most of our view is expected to become down given what's happened to oil you -- -- explain it.
Well you know we always see gasoline prices go up like a rocket and come down like a further.
This is something that simply allows retailers to get a little bit more margin at certain times of year.
And we're going to see prices go further down.
I think it by by mid or let's say early June will probably see both crude oil and retail gasoline prices go down.
I think the -- crude is gonna get down to the 8786.
Dollar a barrel range and we'll probably see.
Gasoline the national average go from 372 where it is now.
To about 360 and over that same period that's important that you say national average because when I look at a map of the states I see Oregon Washington and California.
All of the whole West Coast.
That's still significantly above four dollars a gallon for regular especially California seems to me that the West Coast may be skewing the national average what -- side.
It definitely is the West Coast has significant refinery issues and most of that is concentrated in California.
They're in California you've got twelve refineries.
But -- of the more closed temporarily so that's that's taking a lot of of refinery capacity offline that's one of the reasons why.
California has the highest gas prices in the country right now tied down to 360.
The national average this summer so says Greg -- ousted from -- friends that gas buddy dot com.
-- always a pleasure thanks for joining us again appreciate it.
