Gas Prices Rise: Hiccup or Trend?

- Every motorist noticed a 15-20 cent increase in the price of fuel over the past couple of weeks.

The operations chief for a Gainesville fuel supplier does not believe that will become a trend. Andy Milton expects the price to quickly come back down to around $2.00.

Milton said even though demand is increasing because people are driving more, the supply is even greater, and that dynamic will keep our prices cheap. That is good news for Jackson Tobe, a recent college graduate who has just gotten out on his own and is watching every expense.

Tobe said he needs the price of gas to remain low. 

Milton said the raw commodity price for oil hasn't been this low since 2008.

He believes prices will be between $2 and $2.25 up until the spring of 2016. Even then, Milton said the cost should not go much beyond that for all of next year, barring some king of major disruption or external factor.

 

 

 

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