Analyst: Gas prices may be going up as spring draws near

Published: Tuesday, Feb. 18, 2014 - 11:33 am

National gas price tracker is warning that gas prices, which have been relatively low and stable to start 2014, might be heading upward as spring draws near.

Patrick DeHaan, senior petroleum analyst for GasBuddy, noted that the price of crude oil recently surpassed $100 a barrel, and refineries will soon start gearing up to produce more-expensive spring-summer blends of gasoline.

“...This new trend may signal the beginning of ‘March Madness,’ the time of year that brings large spikes in gas prices,” he said. “...The national average (price of gas) will likely rise 35 to 50 cents per gallon by the time gasoline prices peak in April or May, ahead of thestart of the summer driving season that brings the switch to more expensive, cleaner burning summer gasoline.”

GasBuddy said the average retail price of gasoline in the Sacramento rose 4.4 cents over the past week to $3.46 a gallon, 48.4 cents lower than a year ago but 2.9 cents higher than last month.

The national average rose 5 cents over the week to $3.34 a gallon, 34.3 cents lower than last year and up 6.1 cents from last month.

Call The Bee’s Mark Glover, (916) 321-1184.

Read more articles by Mark Glover

Sacramento Bee Job listing powered by
Quick Job Search
Sacramento Bee Jobs »
Used Cars
Dealer and private-party ads


Price Range:
Search within:
miles of ZIP

Advanced Search | 1982 & Older