Gas Prices Likely to Climb

(Undated) — It appears as though gas prices have nowhere to go but up. According to GasBuddy Head of Petroleum Analysis, Patrick De Haan, there appears to be little good news on the gas price front, with prices unlikely to turn around any time soon. He says because of the surge in prices last spring, many refineries that had planned maintenance deferred maintenance until 2023. With the can kicked to this year, we may have similar challenges producing enough refined products to meet demand, especially with the European Union cutting off refined products from Russia starting February 5th. The national average has climbed to $3.49 a gallon, nearly a dime higher than a week ago.