That increase is likely to bring $3 per gallon gas to cities like New York and Los Angeles soon, but GasBuddy’s Senior Petroleum Analyst Dan McTeague says the seasonal hikes won’t hit Houston quite as bad.
“35 to 45 cents a gallon appears to be the price direction we’ll be seeing here for Houston,” he says.
Prices start increasing this time of year as refineries slow down for regular maintenance, and as they get ready to switch to cleaner-burning blends of gas the government requires for the summer. McTeague says the price jumps probably won’t scare consumers too much.
“We’re not at the point where people are trading in their large vehicles for smaller vehicles,” he says, “the economy is relatively strong.”
But McTeague says some refineries are indicating their maintenance could last longer this year, possibly leading to higher-than-usual jumps in prices across the U.S.