Gas Prices Dropping And You Can Thank Winter

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You've probably noticed gas prices slipping a bit since Labor Day. In the Northwoods, you assume it's tourist related, but the reality is it's a change being done at the oil refineries...

"....the summer requirement for summer-blend gasoline expired on September 15. That means refineries can put back into the market the lower cost gas, which is the winter blend gasoline. It costs less because it takes less time to produce it and it has fewer additives...."

That's Greg Laskoski, a Senior  Petroleum Analyst for the website gasbuddy.com

Laskoski says supplies are ample and oddly enough even with the turmoil in Iraq and Syria, there hasn't been many jitters in the oil markets...

"....it hasn't had an impact on global crude oil prices. In fact, domestic crude oil is trading anywhere from $2 to $17 a barrel less than what the more expensive crude, like the Brent crude is trading for. That's another positive sign for consumers...."

Laskoski thinks prices will hold a  downward trend, unless there's more turmoil in the Middle East. He says U.S. fuel production is at the highest level since 1986.

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