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$4 dollar a gallon gas likely by May

3 years ago Monday, February 06, 2012 9:19:07 AM CST February 06, 2012 Monday, February 06 2012 Feb 6, 2012 in News
Source: WBRZ Staff

NEW YORK - Gasoline prices are expected to spike another 60 cents a gallon or more by the month of May.

The Oil Price Information Service said it is going to be a chaotic spring, with huge price increases in some places and gas possibly averaging $4.05 a gallon.

Rising prices are an annual spring ritual largely because of seasonal demand according to the Oil Price Information Service.

Refiners also switch from winter formulas to more expensive seasonal formulas to meet stringent environmental standards.

The average price of gasoline increased last week by 2.4 cents in Baton Rouge to $3.38 a gallon.

The national average last week was $3.43 a gallon.

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