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Gas Prices On Their Way Up Again

 
Posted Tuesday, April 22nd 2014 @ 11am  by Chuck LaTour, WOOD Radio news team

Gasoline prices are on their way up today.

WOOD Radio's GasPrice Watch shows many stations are increasing prices to 3-89 a gallon. Patrick DeHaan at Gasbuddy dot com tells WOOD radio today's increase has less to do with wholesale prices -- and more about gas station profits.

"Profit margins are wafer-thin, if those stations are even making a profit at $3.48, which they probably aren't. This is more about restoring prices to a point where it is healthy for gas stations."

DeHaan says if you can find prices around 3-50, stop for gas.

"Prices are going to be rising 41 cents a gallon. Even if you can only afford ten gallons, you'll save almost four bucks."

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