What's the Outlook for Gas Prices in 2015? - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

What's the Outlook for Gas Prices in 2015?

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Gas prices are low right now, but what can we expect for the rest of 2015?

Experts say they'll go up gradually in the next several months - and then fall again.

Gasbuddy.com predicts the nationwide average will be around $2.36 a gallon in January. Then, it'll increase until may where we could see the highest average at $3 a gallon. After that, it'll drop to its expected lowest point in December at $2.39.

Experts say a lack of natural disasters last year contributed to lower prices.

Gasbuddy.com says we'll start to see an increase next month as refineries do their annual maintenance and shift back to environmentally-mandated cleaner burning gasoline blends. But the recent gas prices are not only good for drivers, but the gas stations themselves.

"Now, when the gas goes down, when somebody gives you $10, they get four gallons, I make four times what I used to make on $4 a gallon,” says Wolf Fastop owner Moe Alazawi.

Alazawi says he makes more money from customers buying items from inside the store, like drinks and snacks. He says they're more inclined to spend more because they have extra cash to work with after filling up at the pump.

"People have extra money in their pocket. A car used to fill a car with $60, now it's $27 to fill it up. It makes a big difference for people."

He says the prices are fair currently because drivers needed a break from the more than $4 prices several years ago.
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