Contact Us

Gas Prices Lower, But Price Spikes May Be Ahead [POLL/AUDIO]

Gas prices have been drifting lower lately, and we may have already seen the high price for this year, but it doesn’t mean we won’t see price spikes.

Gas Prices
Joe Raedle, Getty Images

Right now, there is what some expert call, “relative stability” in the Middle East. Here in the United States, most refineries are not experiencing any major problems.

“By the time that people are thinking about shore travel, I think, the fear about any kind of significant price increases will vanish, and then it will reappear when you get hurricanes threatening the Gulf or the East Coast,” ‘Gas Buddy’ Chief Oil Analyst Tom Kloza says.

Lowest Gas Prices in New Jersey
New Jersey Gas Prices provided by GasBuddy.com

Kloza says the late February National high of $3.80 per gallon may be the high for 2013. He says Jersey prices are in the $3.40′s right now, but Kloza says prices will drift higher as the so-called summer formula kicks in. He suggests there may be some fluctuations of up to 20 cents for a gallon price before things settle down.

Kloza says gas prices in this early part of April are about 30-cents-a-gallon lower on average than they were at this time a year ago.

 

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://wobm.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on 92.7 WOBM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on 92.7 WOBM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!