It's not only summer demand that could raise gas prices.

OPEC has stated their economies break-even at $70-$75 per barrel oil, and therefore they will keep production low for the foreseeable future. Keeping oil production low will lead to higher priced oil and higher gas prices.

Economists are starting to talk about serious long-term global inflation.  Governments around the world are plowing fiscal stimulus into infrastructure and construction, traditionally more fuel intensive industries. This combined with the global printing-press of monetary policy will devalue paper money and pose further upward price risks for the gasoline commodity.

The weakening US dollar makes oil and gas imports more expensive. An OPEC minister was recently quoted as saying for every 1% decline in the dollar, oil will increase $4 per barrel and vice-versa.

In addition to oil demand in the US, the oil demand in China and emerging countries are slated to pick up if their economies recover.  Meanwhile the scarce discovery and drilling of oil fields at current price levels could potentially put a strain on supply later, another major price risk.

Should we have to worry and guess about all these uncertainties? At Petrofix we don't think so, and that's why we're here.