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Seasonal Gas Price Hikes Ahead

The long run of low gas prices in California appears to be coming to an end. Gas Buddy dot-com senior petroleum analyst, Dan McTeague, says the seasonal transition to the cleaner-burning, and more expensive, summer blend is already getting underway at state refineries…

click to listen to Dan McTeague

McTeague says it’s anticipated prices will top 3 dollars a gallon between now and Memorial Day…

click to listen to Dan McTeague

There have also been production problems at refineries in recent weeks. But McTeague says production cuts approved by OPEC a few months ago have not been a significant factor. And although prices had a similar jump during the same period a year ago, of about 55 cents in the Grass Valley area and about 70 cents statewide, he says prices are already about 60 cents higher than a year ago.

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