WSPD recently asked Jay Young to come on the air in Toledo, OH to discuss the current state of gas prices in northwest Ohio. During his radio interview, Young pointed out that gas prices in northwest Ohio are currently above $3.60 per gallon and are expected to rise in the coming months. He noted that despite the current national average is around $0.15 more than a month ago, it is still cheaper than prices were a year ago. However, this doesn’t mean that paying over $3.50 a gallon is a good thing, especially considering OPEC’s recent announcement of plans to cut production. With demand set to increase in the spring and summer, Young believes prices will go up again. He even suggests that prices could hit as high as $4-4.80 a gallon. Young cautions that while there is hope for electric cars in the future, the demand for oil and gas is not going away anytime soon, and the supply is not currently being replenished. Young points out that this is an excellent time to invest in oil and gas stocks or programs, and his company, King Operating, offers monthly income while scaling the investment. Overall, Young suggests that now is an opportune time to invest in oil and gas operations.
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