The price at the pump is still edging higher. But is this price surge nearing its end?
FOX News Radio’s Pat O’Neill reports:
Saying fill’er up still has many wallets running on empty.
The latest Lundberg Survey finds that gas prices rose more than 11 cents over the past two weeks, to a national average of $3.93 a gallon.
But independent oil analyst Trilby Lundberg says prices are stabilizing.
(Lundberg) “It would take another crude oil spike, I believe, to really keep up this pace of increase for gasoline at the pump.”
Also on the plus side, Lundberg says there’s a supply excess right now amounting to 18% of total refinery capacity, which would come in handy if demand suddenly picks up.
Pat O’Neill, FOX News Radio.
