Purdue Professor Predicts Gas Prices Increasing this Summer

Published 05/20 2014 05:49PM

Updated 05/20 2014 05:50PM

Gas prices will be slightly higher this Summer. That's according to a Purdue University economics professor. Wally Tyner is predicting prices to increase to $3.90 a gallon.

He anticipates a decline in gasoline consumption along with an increase in refining capacity in the united states. Tyner says refinery outages or political instability in areas like Ukraine could still "rattle the market."

Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Featured Coupon


Featured Business