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Motorists take a hit

Published 12:07am Thursday, February 23, 2012

Motorists should be aware of the likelihood of a sharp rise in gasoline prices in the next few days and through the weekend in Michigan.

“I expect stations to increase prices as much as 5 to 20 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 a refinery fire in Washington state is boosting prices significantly throughout the West Coast region, and rising spot prices in Great Lakes area is boosting prices 30 to 45 cents per gallon today in Michigan, Indiana, Ohio and Kentucky. Prices have also been reportedly rising fast in New England, Florida and areas of the East Coast. Gregg Laskoski, petroleum analyst, also cites the refinery fire in Washington for an expected jump in California.

“Prices across the state of California already made significant advances in the prior seven days, and with the refinery fire, motorists
should expect prices to rise in similar fashion as last February when the Libyan situation unfolded,” Laskoski said.

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