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Analyst says gasoline prices may have peaked for the summer

Gas prices in flux
Gas prices in flux

UNDATED (WTVB) - Relief at the gas pump?   At least one expert thinks we may be near the peak for the summer, if not already past it. Tom Kloza, Chief Oil Analyst for Gas Buddy.com says the worst may soon be over, or may already be past it. He says one thing we have going for us this year is a big spike in domestic production.

In Branch County, prices are generally in the mid $3.60’s a gallon to start the week.  Kloza says Egypt’s problems fueled the latest spike, creating the fear that the flow of oil down the Suez Canal would be interrupted, but that hasn’t been the case.