Posted on 4/21/2014
The temperature is not the only thing on the rise here in Raleigh, NC; gas prices have been increasing significantly as well. It’s unfortunate because we are about to get into that beautiful beach weather, and are ready to burn some extra fuel on summer road trips. Unfortunately, it looks like these higher gas prices are here to stay for a bit – but why is this? Why do gas prices increase in the summer so significantly each year? 3 Reasons Why Gas Prices Are Higher in the Summer There are several secondary factors that cause fuel to be more expensive in the summer versus the winter: #1 – TRAVEL People are traveling more so there is a higher demand. #2 – PRODUCTION Energy companies conduct maintenance on their refineries that limit their production until late May. #3 – NATURAL DISASTERS More hurricanes and other natural disasters occur that can slow fuel production. But the main reason summer gas i ... read more