Tuesday, May 24, 2011

You might want to fill your tank today!

Gas prices are expected to rise sharply in the next 48 hours, according to a news release from GasBuddy.com.

"I expect stations to increase prices to $3.89-$4.15 by weekend with a majority of stations starting to raise prices as early as tomorrow morning," said Patrick DeHaan, GasBuddy.com senior petroleum analyst.

DeHaan tweeted that a price hike was likely in the Great Lakes area after ExxonMobil's Joliet, Ill., refinery was heard to have had yet another unexpected problem while restarting its facility, boosting concern about supply as the summer driving season is just days away.

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