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Friday, April 25, 2014

Gasoline Prices Are On The Rise

Melissa Cassidy pumps gas into her car from a pump with a sign indicating the gas is containing up to 10 percent ethanol at Victory gas station on November 15, 2013 in Pembroke Pines, Florida. (Joe Raedle/Getty Images)

Experts say that U.S. gas prices are nudging higher because Gulf Coast refineries are sending more gasoline to other countries. (Joe Raedle/Getty Images)

Every year, as the summer season approaches, gasoline refineries switch to their more expensive summer blends, causing an increase in the price of gasoline.

However, this year, the seasonal price increase is particularly high. Experts are saying that U.S. gas prices are nudging higher because Gulf Coast refineries are sending more gasoline to other countries.

NPR’s Senior Business Editor Marilyn Geewax joins Here & Now’s Jeremy Hobson to discuss the factors contributing to the soaring price of gasoline, and whether or not this trend will continue.

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Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

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