"There are a couple things happening because the gasoline and motor fuel market is very susceptible to things happening all over the world," said Arleen Alexander, interim executive vice president for the Petroleum and Convenience Marketers of Alabama.
"There is a huge fire at a refinery in Texas, which is the third largest refinery in the country.OPEC has said they will cut production by 4 percent."Alexander
said those are two factors causing prices to skyrocket, and tight production and high demand, which is unusual in the spring, is not helping the price situation.
"Typically gas prices are seasonal, and we will typically see higher prices in the summer," Alexander
said."Simple economics will tell you when supply is low and demand is up, you will see high prices.We will continue to see higher prices before we see lower prices."Alexander
said there is talk around the country about $3 a gallon prices for unleaded gasoline; however, Alabama will likely not hit that mark.She
said Alexander City might not even hit the $2 mark.
said being on target with the state's average is encouraging.She
also said Alabamians are seeing some of the lowest prices in the country.
"Even though there are higher gas prices right now, Alabama has some of the lowest in the country," she