Gas prices always seem to hit their peak when the weather warms up. Analysts say slow production due to problems at oil refineries are behind the current spike. The bottleneck, particularly in Midwest refineries, has sparked a more than 80 cent price increase within the last four months. James Halloran, an energy industry analyst for National City Bank, says we should see some relief soon.
James Halloran: Typically you get the highs in the oil prices about this time of the year between now and early June. And, as you get more into the summer, the season gets more normal and gets better served. I would think if you're not at the top you're close to it at this point.
Gasoline industry lobbyist Terry Fleming says repairs at the refineries could restore production and ease the price surge. But how far prices drop will depend on another key factor.
Terry Fleming: It's going to be driven by demand where we go with prices this summer.
Tasha Flournoy, 90.3.