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Gas Price Predictions: Brace Yourself for a $1-Per-Gallon Surge
An analyst warns of $1-per-gallon price spike in midwestern states
2d ago · By Shrey Dua, InvestorPlace Assistant News Writer
-Gas prices are top of mind following Saudi Arabia’s announcement that it will extend its oil production cuts.
-Some believe gas prices may increase by as much as a dollar in some regions.
-Should this happen, expect national gas prices to reach new seasonal highs.
Indeed,
GasBuddy’s Patric DeHaan, head of petroleum analysis, believes the Environment Protection Agency (EPA) may need to step in to issue fuel waivers as fuel costs spike across numerous southern and midwestern states, including Oklahoma, Missouri, Montana and more.
“ALERT: #GasPrices will likely rise 25-75c/gal in OK, MO, SD, ND, NE, MN and KS over the next few days. Some stations may go up closer to $1/gal as the wholesale price of gasoline is spiking in this region. EPA should move to issue fuel waivers ASAP,” DeHaan posted to X, formerly Twitter, Thursday."