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Gas prices on the way up, says analyst

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Looking southwest at the Kwik Trip gas station in Chilton, Wisconsin, USA on Wisconsin Highway 57 / Wisconsin Highway 32 / U.S. Route 151. By User:Royalbroil (Own work) [CC-BY-SA-2.5 (http://creativecommons.org/licenses/by-sa/2.5)], via Wikimedia Commons
Looking southwest at the Kwik Trip gas station in Chilton, Wisconsin, USA on Wisconsin Highway 57 / Wisconsin Highway 32 / U.S. Route 151. By User:Royalbroil (Own work) [CC-BY-SA-2.5 (http://creativecommons.org/licenses/by-sa/2.5)], via Wikimedia Commons

UNDATED (WSAU) -- You may be paying more for gas in the next week or so.

Gasbuddy.com is reporting that they are expecting prices to rise after comments from the Fed about reducing their lending pushed oil prices over 100 dollars a barrel last week.

Analyst Patrick DeHaan says there are also reports of some refinery problems in the Midwest and the Great Lakes. This is coupled with the usual restriction in wholesale supply as oil companies get ready for end-of-year taxes.

DeHaan says prices are expected to go over $3.20 a gallon, a number we may not see again for some time.

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