GasBuddy's Patrick De Haan addressed the impact of U.S. oil refinery shutdowns and explained why gas prices in some parts of the country are rising again.
GasBuddy head of petroleum analysis Patrick De Haan explains why California gas prices have spiked while gas prices throughout the country are heading in different directions on 'Varney & Co.'
GasBuddy head of petroleum analysis Patrick De Haan warned oil refinery shutdowns could drive gas prices back to previous highs in some parts of the country, telling " " Thursday while Gulf Coast states and parts of the Northeast are seeing a decline, California gas prices are surging once again.Now some of the problem lies in the fact that refineries normally do maintenance in the fall because demand goes down after the conclusion of the summer driving season.
AMERICAN OIL REFINERIES SHUTTER AMID BIDEN'S HOSTILE FUEL POLICIES, ADDING TO PAIN AT THE PUMP: EXPERT Keep in mind those refineries also serve markets like Las Vegas and Phoenix where prices are also going up. Suddenly because of maintenance and unexpected outages, gas prices in California could get close to their previous high watermark, which by the way was $6.46 a gallon in mid-June. We could get close to that on the West Coast, but that does not tell the full tale.
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