By Nick Gale, WLS-AM 890 News
(CHICAGO) It will be the second straight year motorists will be digging a little deeper as GasBuddy.com predicts the yearly national average will rise 19 cents versus last year to $2.57 per gallon, the highest since 2014.
Gas Buddy head petroleum analyst Patrick DeHaan says look for gas prices in Chicago to be over $3 per gallon and perhaps in the suburbs too.
“The big finger if you’d like to point one goes to OPEC, DeHaan said. “They made the decision to back in November 2016 to cut oil production for much of 2017. It worked. Oil inventories declined by 54 million barrels verse where they were a year ago and that’s driven the price of oil to its highest level since the summer of 2015.”
Metro areas including Chicago, Los Angeles, New York City, Sacramento, San Francisco, Seattle, and Washington D.C. will likely see prices eclipse $3 per gallon. Cities such as Cleveland, Detroit, Miami, Minneapolis, Orlando, St. Louis and Tampa may get within arm’s reach of such prices.
DeHaan says it also pays to shop around as the gap between what different filling station charge continues to widen.
@ 2017 WLS-AM News
