Analysts predict big gas price hikes over next few weeks - WAFB 9 News Baton Rouge, Louisiana News, Weather, Sports

Analysts predict big gas price hikes over next few weeks

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Chicago, IL (WAFB) -

Drivers are urged to prepare for huge price increases at the pump over the next two to three weeks.

According to Patrick DeHaan, senior petroleum analyst for GasBuddy, 10-cent increases in gas week after week over the next two to three weeks are expected.

"Wednesday brought a big price rally in gasoline markets and gasoline wholesalers are seeing huge increases," DeHaan said. "Wholesale prices today alone have increased coast to coast from 10 to 27 cents per gallon; and when you add that on top of the increases that occurred earlier this month, it's inevitable that retail prices will climb aggressively in weeks ahead."

He added wholesale prices nationwide have increased by an average of 54 cents per gallon since February 2.

He also said some of the increases are due to seasonal factors, but significant operational issues at refineries in five states and the “work stoppages” at 12 refineries, including three in Louisiana, have contributed to the rise in prices.

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