An uptick in the price of wholesale gasoline is squeezing profits at stations that lowered prices most aggressively amid a broader falling trend nationally, with GasBuddy head petroleum analyst Patrick De Haan predicting that prices at the pump in several states will likely shoot up soon.
De Haan wrote on Dec. 26 that a 15-cent-per-gallon over-the-week rise in the price of wholesale gasoline means stations in some regions are caught losing money, “triggering a likely hike soon.”
