Spring Fever at the PumpChristopher Palmeri
It has become an annual rite of spring. Along with the rain and blooming flowers comes pain at the pump. Gas prices have risen between March and May in 21 out of the past 22 years. Like bears coming out of their winter retreats, refiners must stretch this time every year, replacing winter's fuel formulation with newer, more environmentally friendly summer blends. During that transition prices traditionally spike.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.