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Houston Gas Expected To Rebound To $4/Gal. By Spring

GasBuddy.com expects Houston area gas prices to peak around $4.00 a gallon this year.

 

The fuel price forecasting website says Houston area gas should crest between $3.85 and $4.15 a gallon sometime this spring. Patrick DeHaan is a senior petroleum analyst with Gas Buddy.

“Prices generally will start a bit sluggish this year, prices moving up in January and February just slightly, and then the accelerator gets hit in March, and that lasts for about a month or so.”

DeHaan says the wild card will be refinery performance.

“In the past year, a major refinery in Houston, the Motiva refinery, opened a 300,000 barrel a day expansion. That expansion had to be closed down again, and that certainly resulted in some upward pressure at the pump.”

The Motiva refinery — located 90 miles east of Houston in Port Arthur — was forced to shut down in June due to severe chemical corrosion, just weeks after the completion of a five year expansion project.

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Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew heads Houston Public Media’s coverage of national, state, and local elections. He also reports on major policy issues before the Texas delegations in the U.S. House and Senate, as well as the Texas governorship, the state legislature, and county and city governments. Before taking up his current post, Andrew...

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