The price of a gallon of gasoline could reach $ 4 after the explosion of a refinery in Texas

Photo: Mario Tama / Getty Images

An explosion at a Texas oil refinery early Thursday could drive gasoline prices higher in all the country.

The explosion and fire at the Exxon-Mobil plant occurred in the city of Baytown , in the Houston area where at least four workers were injured in the explosion.

The complex is one of the largest refineries in the United States and the accident could hamper fuel production for the next few months .

In the country the average price of a gallon of regular gasoline is now $ 3. 29 dollars , which represents a decrease of 11 cents compared to a month ago.

However, fuel prices continue to be 47% Taller than a year ago . The reason is very simple, the demand for fuels continues to be high while the supply is low.

For now there is good news for motorists since for now, the incident will not immediately raise gasoline prices.

However, experts say that the average price of a gallon could rise to register $ 4 dollars in much of the country but until this spring and summer.

The main reason is that the next six weeks are historically the period with the lowest demand for gasoline in across the United States as winter weather and low daylight hours discourage people from driving.

The U.S. Energy Information Administration reported Tuesday that the national average of the g regular asolin will probably drop to $ 3. 01 dollars per gallon for January .

For 2022 gas prices are expected to register an average of $ 2. 88 dollars per gallon .

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