Gasoline costs rising after Valentine’s Day; skilled weighs in

ATLANTA — Gasoline costs nationwide have been inching up for the previous month, whereas gasoline specialists predict a sharper rise starting after Valentine’s Day.

The common value of standard unleaded in metro Atlanta is $3.08 a gallon, a 5¢ bounce over the day earlier than. Valentine’s Day usually alerts the strategy of rising costs.

“Throughout a mean 12 months, fuel costs bounce between 35 to 85¢ between Valentine’s Day and Memorial Day weekend,” mentioned GasBuddy’s Patrick DeHann. “So, we’re in retailer for fairly a bounce that would occur very quickly.

Issues at a number of of the main refineries, together with a rise within the value of crude oil, are behind the newest bump that has added about 13¢ a gallon to the worth of standard unleaded in Georgia over the previous month.

Quickly, refineries will cut back manufacturing for upkeep work as they put together to start out producing the dearer summer season fuel mix.

Disruptions to the gasoline provide can affect how shortly costs climb.

“It’s sort of like hopping on a rustic street,” DeHann mentioned. “Typically it is perhaps easy and also you may get to your vacation spot with none potholes, however typically there might be some bumps within the street.”

It’s been properly over a 12 months since metro Atlanta has seen the typical value of fuel at over 4 {dollars} a gallon. DeHaan believes we’ll doubtless keep beneath 4 {dollars} a gallon this 12 months if oil refineries can keep away from main disruptions.

 

 

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