GRAND RAPIDS, Mich. (WOOD) - Gas prices in West Michigan crossed the $4 mark in most places Saturday.
According to Gasbuddy.com , the Grand Rapids per gallon average for gas is $4.06. Some stations in Kent County are selling gas for $4.15 a gallon; but some are still selling gas below $4.00.
Those gas stations selling below $4 a gallon are seeing long lines of vehicles waiting to fill up.
Gasbuddy.com's Patrick DeHaan wrote on his blog Friday the cause in the jump in higher prices is because of "trade rumors of a refinery "caught" buying gasoline from other refineries. Typically this happens when a refinery suffers an unexpected glitch resulting in lower gasoline production. The affected refinery is then forced to buy gasoline on the market to cover its previous contractual obligations. When word spreads of a refinery buying in this manner, it has a tendency to spook the market, especially amidst an already tight supply of gasoline."
It is unknown how long prices will stay at this level or when they may go back down.
"One thing is for certain," DeHaan wrote "[I]f stations buy supplies of gasoline after 6pm [Friday], it's going to cost them a lot more, and they'll be forced to pass that increase along in the form of a price hike."
You can check out gas prices in Michigan by clicking on this link .
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