Gas prices expected to steadily decrease
POSTED: Friday, March 1, 2013 - 6:30pm
UPDATED: Friday, March 1, 2013 - 6:39pm
BATON ROUGE, LA (NBC33) — We've all been feeling the impacts of higher gas prices, but prices are expected to fall soon.
"The last two weeks each time I’ve put $10 as opposed to filling up," says Baton Rouge resident, Ian Hanlon.
Hanlon, like many, is ready for some slack when it comes to gas prices. Constantly watching each dollar he spends and each mile he drives is causing him to look for other ways to save.
"Huge difference I go to Wal-mart each time to get the gift cards so I can get those 10-cents down," noted Hanlon.
This February has been the worst month on record with an average of $3.60 a gallon, so now things are about to change, finally. March is expected to see a steady decrease in prices.
“It's going to affect me a lot I am going to be able to spend more on things that I truly want to get," says Baton Rouge resident, Sara Laprairie.
"I’ll be able to travel more and be able to take the kids more places," says Baton Rouge resident, Urban Darensbourg.
Refineries across the nation were undergoing maintenance but that’s coming to an end and the capacity is supposed to rise, hopefully decreasing the price to the low 3 dollar range.
"I travel more when the prices go down when it goes up I stay home more," says Laprairie.
So with hopes of some extra cash in his pocket, Ian already has a plan, ready for execution. “I’ll be heading down to Prairieville to be getting the cheapest gas around here," says Hanlon.
But even with a decline expected soon, there is typically a gas spike in the summer due to governmental regulations. Also hurricanes can affect capacity which would potentially also increase the price.