Gas likely to cost more over Labor Day holiday
By Shan Li and Andrew Khouri, Los Angeles Times
Motorists hitting the road over the Labor Day weekend may find themselves paying more at the pump as the Syrian conflict fans tensions in the Middle East and roils gas markets.
Experts speculate that prices could shoot up 10 cents a gallon or more in the coming days, a reversal of the lower prices road-trippers have enjoyed this summer thanks to increased U.S. production and higher inventories. A gallon of regular gasoline might again vault past $4.
Prices “are definitely going up,” said Amy Myers Jaffe, executive director of energy and sustainability at UC Davis. “The situation in the Middle East is very volatile, and it goes beyond the Syrian conflict.”
The question is: How much will prices rise, and for how long?