Gas Prices Continue To Rise With Political Tensions

April 12, 2018 - 2:13 pm
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CHICAGO (WBBM NEWSRADIO) -- As the temperatures rise, so do prices at the pump.

Head of Petroleum Analysis at GasBuddy Patrick DeHaan said the numbers aren't pretty.

"The national average is now $2.68 a gallon," DeHaan said. "Chicago is closing in on $3.00 a gallon for an average. That's a price that we haven't paid since the summer of 2015."

DeHaan put the blame on a "perfect storm" of factors.

"The situation in Syria, there's some fear there that military action may happen and that could spread. There's also concerns about the trade tensions with China. And OPEC's 15-month policy of cutting oil production has eaten into U.S. oil inventories by over a hundred million barrels."

DeHaan said a dip in prices may not come for another couple of weeks.

"Some stations are still holding at the lower price," DeHaan said. "I would check out some of the wholesale clubs, but almost everyone will probably see higher prices by this time next week."