Carol Thorp
Carol Thorp
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Gas prices in most areas began heading back up on Monday after dropping for about three weeks. Traditionally, Southern California has experienced gas price spikes during the spring, and oil industry analysts believe this could be the beginning of another one.
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In the last couple of days, prices have been going up by 2 or 3 cents in a 24-hour period. This is likely the same type of rapid price increase that has happened in Southern California every spring of this decade.
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The relationship between supply and demand is relatively balanced in California, so normally we should see stable prices. However, speculators in oil and gasoline markets have kept prices high, and that has filtered down to local gas pumps. The trend for higher gas prices is expected to continue for the next several weeks.
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It's likely that increases will continue for at least the next few weeks.
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We're in the time of year when steep price increases are common, but this year prices are being boosted by speculation about whether there will be sufficient gasoline supplies for later in the year. It may be several weeks before a clear picture develops on the nation's gasoline production, but in the meantime, prices could climb to near $3 per gallon.
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We don't know if that's going to cause some people to change their minds. Historically when gas prices have gone up, people have not changed their minds.
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We want motorists to be aware of the high crash risk from drinking and driving associated with holidays and encourage them to think twice about getting behind the wheel if they have been drinking.