Gas in my city has gone up .23/gal in TWO DAYS.
Gas in my city has gone up .23/gal in TWO DAYS.
I’m an energy investor so I watch this stuff. I’ve been surprised that gas prices have stayed pretty stable while oil was rising quick. I knew the catch-up would come and looks like it’s happening now.
23 cents a gallon equates to an oil price that has gone up about $10 a barrel. That just about what has happened. There are other factors such as the fact that buyers buy ahead to lock in prices, etc. But this price looks about right, maybe still a bit low though, expect it to go up some as the weather cools.