A number of financial and media outlets have predicted a summer spike in gas prices. In fact, most suggest prices at the pump will be 14% higher than last summer — an average of $2.74 per gallon. A number of factors are converging to spur on prices of crude oil, which will eventually be passed along to consumers one gallon of gasoline at a time.
In our latest video, Robbie Fraser, Global Analyst within Schneider Electric’s Energy & Sustainability Services division, discusses these recent headlines and – bad pun alert – the driving forces behind the higher prices at the pump this summer.
