By Bill O’Neil
Prices continue to tumble at gas pumps around the Alamo City and across Texas–but the experts will tell you the trend is soon likely to begin moving in the opposite direction.
Part of the equation is OPEC’s decision last week to renew the production cuts the cartel agreed to late last year.
“Crude oil prices on the heels of government data also released last Wednesday began to surge” Gasbuddy.com’s Patrick DeHaan told KTSA News.
“Any small decrease that we saw in the last week is likely to swing to an increase here I would say in the next week” DeHaan added.
While gas prices could soon be climbing again, DeHaan isn’t overly concerned about the prospect of seeing spikes at the gas pump.
“At this pint I would say any moves at the gas pump are merely following oil” DeHaan said.