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Spring Is Coming

And so apparently is $4 gas. Fred Rozell of OPIS sees $4-$4.25 gas sometime between April and early May. Patrick DeHaan of predicts $3.75 to $4.15 by May.

Look out Chicago! DeHaan predicts $4.60-$4.95/gal. LA: mid-to-upper $4.00.

“Bigger cities will always have higher prices due to higher gas taxes and the cost of doing business,” DeHaan said.

Could be worse.

Despite the possibility of record high gas prices this spring, Rozell says things could be worse. “Over the last 10 years, we have tended to see a 75% increase in prices from the winter low to the spring peak. This year, we are only forecasting about a 40% rise because of bearish economic news.”

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