Take notice of the price of gas as an analyst says prices might dip a little lower, but will rise again in a few weeks.
The average price in Wisconsin is in the mid-$1.50 range. Senior Petroleum analyst for the website Gasbuddy.com, Patrick DeHaan, says we thought the price one year ago at $2.20 was a good deal. The Midwest has some the lowest prices in the country, thanks to ample supply. DeHaan says the trend will continue for awhile, making what amounts to a sale price before the refineries stop producing winter time fuel and switch to a summer blend...
".....essentially a bit of a clearance sale. Once that winter gasoline is gone, prices will probability whiplash, slingshot, whatever term you like to use, that could happen late February, maybe mid-March. It depends on how quickly they get rid of that winter gasoline...."
DeHaan says once the inventory of winter gas is gone, the refineries switch over to the summer grade which is a bit costlier to produce. The summer grade is mandated to further reduce emissions. He thinks the prices could go back to the $2.00 a gallon range by summer.
DeHaan says before the switchover, he thinks some stations in parts of the Midwest will be selling gas for $1.00 a gallon.
