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Gas prices on their way back up as the new year approaches

Gas Prices on the Rise
Gas Prices on the Rise

COLDWATER, MI (WTVB) - Gasoline prices that went up a little the weekend before Christmas have really taken a leap as we head towards the New Year.  Remember just a week ago gas stations had finally dropped below $3 a gallon at some locations in Southwest Michigan and around $3.05 a gallon in the Coldwater area. 

Today at a growing number of stations, it will cost motorists closer to $3.50 a gallon. GasBuddy analyst Patrick Dehaan says we can blame a spike in the price of crude oil which is nearly $100 a barrel, and refinery issues in the Midwest.  He expects the prices to drop rapidly after the new year and he thinks 2014 will be a better year than 2013 on fuel prices.

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