GRAND RAPIDS, Mich. – Gas prices may not be where you want them to be right now, but experts say, just hang tight. Lower gas prices are right around the corner.
While the rest of the country sits relatively low for a gallon of unleaded regular, West Michigan seems to be above the national average. Last week, prices topped out at $2.43 per gallon in the Grand Rapids area. This week, prices sit around $2.51. The roller coaster price ride has many drivers simply wondering why.
Gas Buddy senior petroleum analyst Gregg Laskoski thinks he has the answer.
“I think it was driven in part by some refinery issues,” Laskoski told FOX 17 via phone Monday, "specifically the turnover from summer to winter fuel blend gasoline.”
But Lakoski says that in the world of gas prices, the old adage ‘What goes up must come down’ applies, especially in the Midwest.
“Overall, what we see over time is that in this pattern you’ll see higher highs in your region compared to the rest of the country, but you’ll also see lower lows,” said Lakoski. “So, even though you’re higher than where you were a week ago, you’re also declining at a far greater rate than just about every place else in the country.”
