Several factors driving gas prices upward, analyst says

man pumping gas
Pain at the gas pump Photo credit Getty Images

(WBBM NEWSRADIO) – Gasoline prices are back on the rise.

Depending on where you are, analyst Patrick De Haan of GasBuddy says, gas is now $3.89 to $3.99 a gallon, and part of that is due to recent arctic blast.

"Many refineries got caught with equipment failures due to the cold weather. That caused equipment and supplies to drop,” he said Tuesday.

Demand has also increased as China has started reopening its economy. And sanctions on Russia oil production starts next month, De Haan said.

He says there are ways to save on gas spending.  

"I'd say shop around, try to drive more fuel efficiently. You still can find those lower tax prices across the state lines, and I'd say Wisconsin is probably the lowest-priced state around,” he said.

De Haan says it's likely we'll be seeing gas prices rise even more.

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Featured Image Photo Credit: Getty Images