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Analyst: Relief From Rising Gas Prices In Sight

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(Sacramento, CA)
Monday, October 8, 2012

Patrick DeHaan is a Senior Petroleum Analyst with the website GasBuddy.com.

He explains that wholesale gas prices are starting to go down - a reduction that consumers will eventually see at the pumps.

"Stations that are replenishing are looking at a much lower cost than they were the day before and that will allow them to start lowering their price."

But DeHaan says - just how low prices go will be mixed.
"It may be big drops, it may be gradual. Stations may not lower their price very quickly if their stuck with gasoline that they bought at a much higher price."
Another factor that may bring down prices soon is Governor Jerry Brown's decision to allow winter-blend gasoline to be sold in California earlier than usual. Winter-blend gas typically isn't sold until after October 31.
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