The winter deep freeze that shut down refineries in Texas is gone, so rapidly-rising gas prices may at least slow down for a few weeks. When those refineries switch for summer-blend gas, the cost of a gallon will head back up again. GasBuddy-dot-com reports one of the reasons for the higher prices is that demand is at its highest level since before the coronavirus pandemic. Petroleum analyst Patrick De Haan says simply put, “Demand is recovering much, much faster than oil production levels.” The average price for a gallon of gas is 33-cents higher than a month ago in Wisconsin.
No responses yet