Low Gas Prices May Stick Around

Why? Good supply. The recent bump is probably transient as refiners shut down refineries for a few weeks to cut over to making their summer-blend fuels. This happens twice a year - once in the Spring and again in the Fall when they do the same to begin the production of winter mixes:

"AAA reports the national average at $2.44 this week, still below the 50-year inflation-adjusted average of $2.50 per gallon. If you’d like cheaper gas, don’t blame the oil and gas industry. It’s been the United Steelworkers and their strike against Royal Dutch Shell and 11 refineries that ticked gas back up more than anything, although it appears that a settlement has been accepted."

Shell has also been taken partially off line because of a strike, but it will be back. If you are traveling this summer, it might be a good time to use the family flivver and see the country a little rather than the airlines who are squeezing the last drops of cash out of their passengers.

townhall.com/columnists/thomasmiller/2015/03/13/oil-prices-deliver-a-crash-course-in-supply-and-demand-n1970035