The recent shutdown of the Colonial Pipeline didn’t impact supplies or prices at California gas stations. But Patrick de Haan, the Head of Petroleum Analysis with Gas Buddy dot-com, says prices are expected to continue rising, although not with the spikes we recently saw…
click to listen to Patrick de Haan
Costs plumetted in the spring of last year, as the global crisis simultaneously brought a recession and led to a sharp reduction in commute as well as leisure driving. So, even with more four-dollar-a-gallon prices being seen, de Haan says he doesn’t expect that to discourage pent up travel urges..
click to listen to Patrick de Haan
And even if you don’t like the high prices, it’s also pointed out by de Haan that they have traditionally been positive economic barometers.
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