During the past couple of weeks, gasoline prices have dipped a bit. While this was welcome, the easing of prices is not going to last and will surge. At least that's according to an oil industry expert.
From Fox News:
Following a brief dip, gas prices are projected to surge once again, with the national average potentially reaching $4.20 a gallon, according to an industry expert.
Over the past week, gasoline futures rose 30 cents "which is just bad news for the consumer," according to Andy Lipow, president of Lipow Oil Associates.
The national average price for a gallon of regular gasoline on Monday is $4.08, according to AAA estimates.
Lipow projects the national average will climb back to between $4.15 and $4.20 per gallon even with some states suspending gas taxes.
There's been some talk here in New Mexico about suspending gasoline taxes, but that's all it's been, just talk. New Mexico Gov. Michelle Lujan Grisham is up for re-election this year and, so far, she's all talk when it comes to gas taxes.
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