No Big Gas Price Hikes Anticipated For December
Monday, December 3, 2012
Analysts say they don’t expect gas prices to fluctuate much through the month of December.
Experts say prices at the gas pumps tend to go down in December.
"At least that was the case last year, prices decreased from Thanksgiving to Christmas. This year I would expect the same."
Patrick DeHaan is a Senior Petroleum Analyst with GasBuddy.com. He says people don't drive as much in the winter so there's lower demand for gasoline.
DeHaan also says uncertainty over the fiscal cliff has oil prices flat as cautious investors await the outcome of budget talks in Washington.
DeHaan says the only way he sees Northern California prices spiking is if we have another refinery problem.
"We've seen two of them so far this year one in February and then a refining problem in October. If we see another refining problem, which is impossible to predict, gas prices could go up at a moment's notice."