Experts: Gas Prices Will Start Rising

Now we look up.

After weeks of watching the price of gas fall like a rock–the experts will tell you it looks as though we’ve finally hit bottom in San Antonio.

“Places like the Midwest are seeing a more pronounced jump, but with all of the refining capacity we have here in the Gulf Coast, it really helps smooth out that curve for us” Gasbuddy.com’s Will Speer told KTSA News after prices in the Alamo City held relatively steady over the last week.

And even as prices likely will start to rise, Speer said there’s only so far they’ll likely go.

“The (supply) glut is still there–and with that, that’s really going to cap how high gas prices are going to get during the summer” Speer said, adding “Don’t expect any massive hikes (in the San Antonio area).

Meanwhile, Speer said there is a wild card in all of this.

“One thing we’re going to look for too is what the price of crude is doing in the future. This past week, we actually saw some strengthening int he price of crude” Speer said.

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