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Gas Prices Forecast to Go Down, But No

At the beginning of October gas prices were going down little bitty bit by little bit, and were supposed to keep up that march until the end of the year. Somebody did not get the memo.

The past week we had a sharp spike. That’s right – a spike. Some places reported a rise of 10 cents a gallon.

The cause? LATimes says:

One major reason for the increases was that the U.S. is exporting a considerable amount of fuel overseas, leaving the nation’s supplies more vulnerable to sudden price bumps if there are any refinery outages or jumps in the price of crude oil.

Patrick DeHaan of GasBuddy.com.

It’s a pretty easy forecast this week — gasoline prices will likely rise in a majority of areas … Overall, a lousy week for motorists, and I don’t expect it to get much better any time soon.

Just how long are these higher prices going to stick around?

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