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Shopper's Market: Gas prices head north for the summer

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  • Description

    Why fuel cost are expected to rise

  • Duration 1:23
  • Date

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Relief at the pump may not last long gas prices are going back -- Gas buddy dot com warning drivers in the midwest the battle looming price hike.

This because of rising oil prices.

It is looking like prices will start to have to go higher especially in the -- lakes where they've already jumped about twenty to thirty cents a gallon I think.

The rest of the nation will start to see higher prices.

Giving oil prices of this was the announcement of Europe's planned to resolve -- -- -- financial crisis.

Speculation agreements made between European countries to save the -- spurring optimism.

That fuel demand an economic growth will increase in the region the markets is really searching for some good news and it will run with any sort of.

Good news said that we get an and that's what's been the case.

You know -- I would say we have a shifted from -- sentiment of of the market expecting huge increases.

Very quickly to expecting nothing and now that we have.

Virtually no improvement or very slow improvement any sort of good news is is taken.

And run with and I think that's why prices have gone up so put those dreams of gas falling below three bucks a gallon this summer on hold.

But gas buddy says the national average should drop near that level between Thanksgiving and Christmas in New York Brenda Buttner Fox News.

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