For weeks we have seen gas prices on the decline but now they are heading back in the other direction. AAA Fuel Analyst Don Redman says the price at the pump nearly jumped three cents overnight.
“We are looking at about an average of $1.97 getting close to where we were a month ago over two dollars a gallon. I think that is going to be the trend in the short term, those gas prices continue to climb.”
Redman says prices are typically their lowest around this time of year because of a healthy supply of gasoline paired with low demand but…
“Not anything historically high by any means but just the market is starting to rally, it is some different signs that they are looking to the future.”
Redman says even with the price of crude oil rising you shouldn’t expect any huge jumps in prices until the start of summer.
“We could see prices jump from 50 cents a gallon to a dollar a gallon. We could be looking at by the time we get into June that prices are back at or above $2.50 a gallon.