The Traderszone Network

Published in TZ Latest News 26 February, 2015 by The TZ Newswire Staff

Gas Prices Hit 2-Month Highs, Rise At Fastest In a Decade

Despite still low crude oil prices, gas prices at the pump have been on the rise recently. While still at levels not seen since 2009, gas prices in February have surged at the fastest pace in at least a decade to 2-month highs. As SMRA notes, shutdowns at some refineries due to strikes has been a good part of the reason for the gain in recent weeks, but prices for gasoline also typically start to rise with the approach of spring as refineries prepare to change over to less polluting formations for the summer months.

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