Gas Prices Expected To Rise During Peak Vacation Time
Don't be surprised if your wallet is feeling a little lighter after that last fill-up. Gas prices nationwide are at their highest point of the year -- and they're only expected to climb higher.
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Don't be surprised if your wallet is feeling a little lighter after that last fill-up. Gas prices nationwide are at their highest point of the year -- and they're only expected to climb higher.
The worst may be over for drivers in the upper Midwest who have been grappling with the highest gasoline prices in the continental U.S. Analysts said one major Illinois refinery is back online and another big one in Indiana is on track to ramp up production again soon.
Before you blame the messenger for gas prices still hovering around $4 per gallon, service station owners want you to know something: They're hurting, too. The biggest pinch comes from credit and debit card fees, charges which rise in lockstep with soaring pump prices.
The national average for a gallon of gas has gone up 17 days in a row. But here in the Twin Cities, gas has dropped three cents to an average of $4.17 a gallon.
Most of us don't have a hard time finding the words to describe our feelings about the record-high gasoline prices facing Minnesota drivers. "Ridiculous" and "crazy" came from some gassing up in Uptown Minneapolis on Wednesday.
Want to hear some good news about gas prices for a change? It looks like gas prices in the Twin Cities have peaked.
Brooke Welch is out on Lake Minnetonka, enjoying a boat ride that's been months in the making. "It's been a long winter, really cold so we are happy to be out on the water," Welch said. Unfortunately for most boaters enjoying the weekend on water, gas prices in Minnesota are third highest in the nation – right behind Alaska and Hawaii.
Minnesota's No. 1 in the nation, in a category few are rejoicing over. The Twin Cities' average price for gas is the most expensive in the nation at $4.32 per gallon, according to GasBuddy.com. Chicago is second ($4.28), Honolulu is third ($4.25) and Santa Barbara is fourth ($4.17).
Drivers, and their wallets, have likely noticed the big 15 percent jump in gas prices this week. Some saw prices as high as $4.29 a gallon.
As gas prices in Minnesota reached record high prices of about $4 per gallon, Sen. Amy Klobuchar called on the Department of Energy to take action. The gas price spike came after the closure of oil refineries in the Midwest for maintenance.
"When did that happen?" is the question most motorists are asking Wednesday, after seeing the latest price for a tank of gas.
The first two months of 2013 have not been much fun at the gasoline pump. Prices keep rising, changing all the time.
As of Thursday morning the average price for a gallon of unleaded regular gas is $3.82 in the Twin Cities. That's 60 cents higher than a month ago.
Gas is now selling for about $3.76 a gallon in the Twin Cities, and motorists aren't the only ones complaining about big jumps in prices. Independent gas stations are also feeling the squeeze.
The average price of gas in the Twin Cities is around $3.45 per gallon, which is nearly 40 cents higher than it was a month ago. So, why did prices jump so high so quickly?
If you drive a car, you've noticed a 30 cent jump in gas prices in recent weeks. But why? The reasons are many, according to the experts.
Consider it a gift that's coming in a little late: the lowest gas prices we've seen in nearly two years.
It's been a nice holiday present to have gas prices dip below $3 a gallon, but what will happen in the new year?
Remember a month ago when people were wondering if voters would take out their frustration with high gas prices on the president?
Cindy Schnaith is practically giddy when gassing up these days. It wasn't more than a month ago that filling up her sport utility vehicle cost her nearly $80 per tankful.
Gas prices usually drop after Labor Day, but some Twin Cities drivers have been paying around $4 per gallon this week for regular unleaded fuel.
If you're filling up today be warned: it's gonna hurt. Twin Cities gas prices rose 10 cents overnight, to an average of $3.89 for a gallon of regular.
It's the start of a holiday weekend. And for anyone driving north, especially on I-35, it could be tough going. As if slow-to-still traffic wasn't bad enough, Hannah Andersen found herself stranded on 35 North. And it was a true holiday weekend driving nightmare.
Even veterans of the local gas business admit -- something strange is going on. The price of crude oil is as low as it's been since October 2011.
