Focus Washington: Vitol Inc. President Mike Loya Discusses Memorial Day Gas Prices as Motorists hit the Road

Mike Loya, president of Vitol, Inc., explained to Focus Washington today that the traditional summer spike in gas prices begins around Memorial Day and continues throughout the summer months. Even with the recession, demand for vacations will remain high as additional travelers are enticed by tremendous bargains on travel, airfare, and lodging prices. According to Mr. Loya, as Memorial Day arrives, refineries typically flush out their systems in preparation for costlier summer blends of gasoline and motorists gear up for travel. These conditions create a natural increase in demand.

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