Gas Prices May Start Inching Up Again
Gas prices are still falling, but they may not continue to do so for much longer, an analyst says.
The Lundberg Survey of gas prices has found average retail gas prices dipped nearly four cents per gallon over the last two weeks, continuing a weeks-long trend. Nationwide, self-serve regular gasoline cost an average of $1.57- per gallon.
But crude oil prices have gone up over the same period, based on the decision by oil-producing countries to cut production by nine-hundred-thousand barrels per day. Also, traders speculate winter may be colder than usual, boosting demand — and prices — for home heating oil.