Gas prices jump in Madison area
Market speculation, temporary refinery shutdowns to blame
Thursday at the pump caused sticker shock for drivers in Madison and surrounding areas.
AAA's average price for gas in Madison was $3.39 a gallon, and $3.49 is a pretty common price around the city.
AAA said some of the price jump is because of market speculation, and the rest is because of temporary refinery shutdowns.
That's not a good sign for gas prices since this is supposed to be a time of year when prices are lower.
"The fact that prices have jumped so much so early does not bode well," said Pam Moen, of AAA Wisconsin. "I wish I had better news, I really do, but it doesn't bode well for the coming weeks and months.
The price spike will last through February and March when Chicago-area refineries typically shut down to convert to summer gas blends.
Next comes the summer driving season, which is typically the most expensive time of the year for gas prices.
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