| An analyst with GasBuddy.com expects the price of fuel to steadily continue to rise over the course of the next month and a half.|
Patrick De Haan said the present price increase for gasoline can be blamed on a number of factors. The catalyst which started the current surge was last yearâs shutdown amid the pandemic, despite a huge glut of oil in the US and the world.
The rule of supply and demand has been pushed aside, likely by the power brokers offering explanations.
Adding to the problems now, a coal shortage in China and a natural gas shortage in Europe. There is a world-wide glut of coal and natural gas.
Here in West Virginia the average price for fuel is $3.12 a gallon. Thatâs up three cents in the past week, 12 cents from a month ago, and almost a dollar more a gallon since last year.