Gas prices continue to soar - WRBL

Gas prices continue to soar

Posted: Updated:

 Retail gas prices jumped another 10 cents across the Southeast last week and the upward trend is not expected to slow down anytime soon. If price trends follow those of 2011 and 2012, motorists could see gas prices rise until mid-September.

Decreases in oil inventories, tensions in the Mideast, and a jump in fuel demand pushed the price of crude oil to a 16-month high. The other factor that has the market on edge and the potential to drive gas prices even higher is peak hurricane season, which is right around the corner. The mere threat of a storm can cause wholesale prices to spike.

"Motorists need to prepare themselves for increased pump prices," said Jessica Brady, AAA spokeswoman, The Auto Club Group. "We're likely to see a lot more volatility in the market as peak hurricane season approaches. The average cost for a gallon of gas in the Southeast could climb upwards of $3.70 to $3.80, or higher if a storm 

– Retail gas prices jumped another 10 cents across the Southeast last week and the upward trend is not expected to slow down anytime soon. If price trends follow those of 2011 and 2012, motorists could see gas prices rise until mid-September.

Decreases in oil inventories, tensions in the Mideast, and a jump in fuel demand pushed the price of crude oil to a 16-month high. The other factor that has the market on edge and the potential to drive gas prices even higher is peak hurricane season, which is right around the corner. The mere threat of a storm can cause wholesale prices to spike.

"Motorists need to prepare themselves for increased pump prices," said Jessica Brady, AAA spokeswoman, The Auto Club Group. "We're likely to see a lot more volatility in the market as peak hurricane season approaches. The average cost for a gallon of gas in the Southeast could climb upwards of $3.70 to $3.80, or higher if a storm.

Jessica Brady, AAA spokeswoman, The Auto Club Group,
office: (813) 288-7294; cell: (813) 532-5327 

  • On Your SideMore>>

  • News 3 Neighbors: WWII Veteran "Shorty" Ogburn

    News 3 Neighbors: WWII Veteran "Shorty" Ogburn

    Monday, July 21 2014 9:20 PM EDT2014-07-22 01:20:18 GMT
    Earnest "Shorty" Ogburn has been living in the same house in Cataula for 45 years. Over the weekend his home underwent extensive renovations thanks to volunteers with the Cataula VFW. Darrell Sullivan is a lifetime member of that post andwas the team captain for the renovation project. Sullivan says, "Shorty is a World War II veteran. He's been shot multiple times with small arms and with shrapnel. He was captured and held as a prisoner of war twice." The weekend rain was not a deterrent for ...
    Earnest "Shorty" Ogburn has been living in the same house in Cataula for 45 years. Over the weekend his home underwent extensive renovations thanks to volunteers with the Cataula VFW. Darrell Sullivan is a lifetime member of that post andwas the team captain for the renovation project. Sullivan says, "Shorty is a World War II veteran. He's been shot multiple times with small arms and with shrapnel. He was captured and held as a prisoner of war twice." The weekend rain was not a deterrent for ...
  • Update: Teen dies after Opelika shooting on Edmon Avenue

    Update: Teen dies after Opelika shooting on Edmon Avenue

    Monday, July 21 2014 7:00 PM EDT2014-07-21 23:00:20 GMT
    The shooting victim who died Monday in Opelika is being identified only as a juvenile male because of his age, police say.The shooting victim who died Monday in Opelika is being identified only as a juvenile male because of his age, police say.
    A boy has died following a shooting on Edmon Avenue in Opelika Monday, police confirm
    A boy has died following a shooting on Edmon Avenue in Opelika Monday, police confirm
  • Opelika police: Woman stole 16 identities

    Opelika police: Woman stole 16 identities

    Monday, July 21 2014 3:00 PM EDT2014-07-21 19:00:26 GMT
    North Carolina woman arrested in Opelika for stealing the identities of sixteen people.North Carolina woman arrested in Opelika for stealing the identities of sixteen people.
    Schrell Denise Mincey is accused of making fake credit cards using the stolen identities.
    Schrell Denise Mincey is accused of making fake credit cards using the stolen identities.
Powered by WorldNow

1350 13th Avenue
Columbus, GA 31901

Telephone: 706.323.3333
Fax: 706.327.6655
Email: news@wrbl.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.