CLEVELAND, OH (WOIO) –
Motorists should be aware of the likelihood of a sharp rise in gasoline prices in the next few days and through the weekend in Cleveland.
“I expect stations to have increased prices as much as 10-35 cents per gallon by the conclusion of the weekend with some stations starting to raise prices immediately,” said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst.
DeHaan warns that Tropical Storm Isaac, as well as murky regional refining issues boosted wholesale gasoline prices to their highest level so far this year, rising 7-cents per gallon higher than their previous peak back in March.
Wholesale gasoline prices, which is the price stations pay for new shipments of gasoline, rose 35-cents per gallon Monday, the largest one day increase in a year. While this situation is a significant pinch for motorists, it is temporary.
“I expect the situation to slowly resolve itself over the next few weeks, but as gasoline prices tend to fall slowly, motorists may not have a sense of real relief until late-September,” DeHaan said.
Article Courtesy of WOIO 19 Action News
Like WZAK on Facebook to stay on top of the latest celebrity news and gossip:
- Happy 54th Birthday Michael Jackson!
- ‘Fame’ to Return as Scripted Series from Nigel Lythgoe
- Tom Joyner News: Careless Smoking Cause of Tyler Perry Studio Fire!
- Tom Joyner News: Michelle Obama Shown as Partially Nude Slave on Cover of Spanish Mag
- Tom Joyner News: Let’s Talk About XXX with Zane New Book
LOCAL: Be Prepared for HIGHER Gas Prices in the Coming Days was originally published on wzakcleveland.com