Don’t expect gas prices to be going down anytime soon. SCSU (St. Cloud State University) Economist King Banaian says supplies remain tight and another issue is getting product shipped to market:
“So I think they are caught up in the same supply chain issues as everything else. You’re having trouble particularly oil from overseas into the United States impacting. And you are still probably suffering some of the impacts from hurricane Ida.”
Banaian says demand for gas is also up — and it’s been for oil companies to keep up the supply.