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Gas prices to slowly decline, but not for long

By ALLISON NORLIAN

UTICA, N.Y. (WKTV) - Gas prices are expected to plummet over the next few weeks according to Triple A and Thursday evening, Ed Welsh, the Central Region General Manager for Triple A, New York said he believes the prices will slowly decline.

Gas prices ended 2013 on a high note, literally, with the highest prices seen at the pump since June, according to Triple A. The national price was the highest ever for January 1st. Welsh believes this trend will not continue and prices will drop.

"I think what you're going to see is a slow decline over the next few weeks again with a few caveat," Welsh said, "If we go back to subzero weather or major issue in the Middle East then all bets are off."

Consumers are already seeing that price fall, according to Triple A. Last week, the price at the pump was $3.69 a gallon, today the price was $3.66 a gallon.

The prices will only remain low for so long. They will eventually rise once gas refineries flush out their winter gas and begin to produce and create their summer blend of gas. According to Triple A, swapping out the different types of gas is important for your car and the environment.

Welsh said, "If you used winter gas in the summer because evaporation changes it would cause different pollutants in air at different rate which creates smog, so what they do is they change formula so it doesn't evaporate as fast."

The reason gas is pricier in the summertime is due to refineries creating multiple summer blends, over 40 blends are produced.

 Many local residents were not aware of  the reason behind the summertime gasoline highs and winter lows, including Roseanne Madison of Deerfield, "No I was not aware of that," Madison said, "As long as the prices go down and considerably, I'll be happy."

Welsh also pointed out a continuing issue across the country is the lack of relief after a gas price increase. What consumers are seeing is prices fluctuating around the same numbers. Welsh said its been steady for quite sometime resulting in the summer high and the winter low gas price being quite close.

" It has stayed flat. Normally you see 40 to 50 cent drop per gallon," Welsh said.

Welsh said there is a silver lining for consumers. A year ago today, drivers were paying $3.75 a gallon.

 

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