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Gas Prices Set to Jump 25 to 65 Cents Per Gallon This Spring

Economy· 1 source ·Feb 21
Revised after bias review
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Rising gas prices directly affect Americans' wallets, making this a highly relevant and relatable story. People will want to know why prices are going up and how it will impact their budget.

Gas prices are about to rise—a visceral, immediate hit to household budgets. This is the kind of story people text friends about and discuss at dinner. Direct impact on daily life with actionable information.

Rising gas prices directly hit daily budgets for commuting and travel, making citizens worse off without this knowledge as it affects household expenses; people would stop scrolling due to the immediate, visceral impact on their wallets and the tension of impending costs that could prompt them to seek ways to save.

Gas prices are about to jump again, Axios reports, and Americans feel every extra penny at the pump. It’s immediate, wallet-level news that people text their friends about before they even finish the article.

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Your pump is about to get more expensive

Gas prices will likely climb in the coming weeks. Patrick De Haan, head of petroleum analysis at GasBuddy, says prices typically jump between 25 cents and 65 cents per gallon between late February and April-May. For a typical 15-gallon fill-up, that translates to roughly $3.75 to $9.75 more over that period.

The pressure comes from multiple sources converging at once. The seasonal shift to summer-blend gasoline is already underway, which typically drives prices higher. Iran tensions are adding uncertainty to oil markets. And refinery maintenance is tightening supply.

Why refineries are about to make gas more expensive

Refineries across the country are switching from winter-blend gasoline to summer-blend fuel, which resists evaporation to meet federal air pollution standards. Summer blend costs more to produce and takes longer to make.

According to Aixa Diaz, an AAA spokesperson, the extra processing required for summer-blend gasoline increases wholesale costs, which are then passed on to consumers. This switch typically begins at the end of February or early March, coinciding with spring break season when more people travel.

The Iran factor is adding cents right now

Oil prices spiked this week as traders absorbed the risk that a U.S. strike on Iran could disrupt global supply. De Haan states that the geopolitical uncertainty surrounding Iran is currently adding a few cents per gallon to wholesale costs.

Winter-blend gasoline inventories are well above average right now, which is temporarily cushioning the impact. Once refineries drain those stockpiles and shift to summer blend, that buffer disappears.

Refinery problems are tightening supply

Tom Kloza flags recent maintenance at an HF Sinclair refinery in the Pacific Northwest and specific issues at refineries in the Great Plains region that are affecting wholesale costs. Typical pre-summer maintenance work reduces refinery output during this period, adding upward pressure on prices.

The one piece of good news

Current prices offer one advantage: they're lower than usual for this time of year. Aixa Diaz notes that current gas prices are the cheapest for this time of year since 2021.

Even as prices rise through spring, the starting point is lower than it was in the same period in recent years. That doesn't mean the jump won't sting, but it means you're not returning to the worst prices Americans have seen recently.

The trajectory depends on developments in Iran. A limited strike, a wider conflict, or no military action at all will each send oil markets in different directions. Until then, expect your next fill-up to cost more than your last one.

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