U.S. gas prices likely at short-term low

16 Feb 2017   Prices

Feb. 15 (UPI) — A retail price watchdog said this may be the short-term seasonal low point for U.S. gasoline prices as refiners start switching to a different blend. “You’ve been warned,” an emailed report from GasBuddy.com read. “Gas prices are about to get pumped up, eventually climbing to the year’s highest levels as refineries across the nation are preparing for maintenance season and the seasonal switch to cleaner burning gasoline, a tradition despised by many.” The price watchdog group lists an average retail price for a gallon of regular unleaded gasoline at about $2.26, relatively steady over the last week. Gas prices have moved more or less in parallel with crude oil prices, which have traded in a narrow band around the $55 per barrel mark since late last year. GasBuddy explains retail gasoline prices usually spike in the weeks heading into the Memorial Day holiday season as […]

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