Rally in oil prices translates to more bumps at the pump

COLUMBUS, Ohio (WTVN) -- One oil industry analyst says gasoline prices are showing "frustrating strength" in the face of oil prices that have rallied to their highest level since 2014.

GasBuddy.com's Patrick DeHaan notes that, "While winter is usually a time for modest declines at the pump, this year has seen anything but."

"While two years ago areas of the country flirted with sub-$1 gas prices, we now see most areas more than double that," DeHaan says.

GasBuddy.com shows gas prices around Columbus averaging around $2.50 a gallon, compared to $2.32 this time last week.

AAA's Daily Fuel Gauge Report has the Ohio average at $2.47 Monday. It was $2.42 a week ago.

DeHaan says one bright spot is that gasoline production remains very strong at a time of year when it tends to be weak, and that could open the door for some larger discounts in the weeks ahead as refiners begin to move winter gasoline out of inventories to prepare for the transition to cleaner burning gasoline.


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