Get Ready: Warning Drops that Gas Prices are Going to Continue Rising

Get Ready: Warning Drops that Gas Prices are Going to Continue Rising

 

Think that you’re going to have an opportunity to drive around some this fall? Maybe take a drive through nature to a place where you can go on a nice hike, go to visit family for Thanksgiving, or otherwise take advantage of our vast highway infrastructure?

Well get ready for higher gas prices that just keep climbing, because this is what Patrick De Haan, the head of petroleum analysis at GasBuddy, just told FOX Business in an interview:

“What OPEC might do very much could dictate where we go by the end of the year.

“I had expected at least a good potential that the national average could fall under $3 a gallon, but I think OPEC just threw a bucket of cold water on that by signaling its intentions to be well ahead of any economic slowdown. Global inventories for oil remain extremely tight and it’s very clear that OPEC is growing addicted to triple digit oil.”

Gas Prices by is licensed under flickr