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February 23, 2013

A price break — in April

The Norman Transcript

NORMAN — A break in the gasoline price increase should come some time in April, oil analysts said. The March-April prices at the pump are expected to peak at between $3.80 and $4.10 per gallon before heading back down a few cents.

All of this comes as wholesale oil prices continue to drop. Crude oil prices fell about 2.5 percent this past week. That should be good news for consumers but the pump prices keep going up.

The spike comes as refiners begin to draw down on supplies as they change over from winter to more expensive summer blends. It’s also the time when refineries shut down for maintenance.

Gasoline has risen every day for 34 straight days since averaging $3.29 per gallon on Jan. 18. The average U.S. retail price for gasoline was $3.78 per gallon this week.

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