Gas Prices On Rise Once Again

By: Mary Robb Jackson

PITTSBURGH (KDKA) — The cost of a gallon of gasoline is increasing at a dizzying rate, and that has left many asking why and wondering about the impact it is having on us.

By Thursday morning, as new gasoline deliveries are made to area stations, some dealers will have no choice but to begin charging more that $3.30 for a gallon of regular unleaded; and it’s likely to keep going up.

The price of a gallon of gas went up nearly a nickel this week.

“I spend anywhere from $100 to $150 a week. I’m a nurse and I travel from house to house and this is a gas guzzler,” one local woman said.

The Middle East is part of the problem.

“Currently it’s the political unrest in Libya that has affected oil prices. In fact, oil prices increase 10 percent week over week,” said Bevi Powell, of East Central AAA.

Locally on average, Washington is cheapest per gallon at $3.17. Pittsburgh’s in the middle at $3.19, and Meadville is highest at $3.29.

“We’ve got plenty of oil out there, but the oil that will be coming on the market will be more expensive to develop and process than the oil we’re used to, and that’s where the price increase is coming,” said Powell.

When not teaching at Duquesne University, Dr. Kent Moors is an advisor to governments and corporations.

“We’re going to be at well over a $100 a barrel before the end of this quarter,” he said.

Dr. Moors believes the rising cost of gas goes well beyond just pain at the pump.

“The U.S. market has been built on the availability of cheap energy, and so when the energy gets more expensive, it isn’t simply that you can’t afford to drive your SUV, it’s that suddenly you don’t have a job to drive to,” said Dr. Moors.

Dr. Moors doesn’t think that we’ll see $5 a gallon anytime soon, unless a lot of nasty things happen at once.
However, he says we are in the middle of Marcellus Shale country, and he believes a long predicted move away from gasoline to compressed natural gas for transportation fuel is the only immediate way out of this energy bind.

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One Comment

  1. redrock100 says:

    Impossible. For the last 8 years we were told it was Bush”s fault.

    1. Zoeyzotron says:

      Haha! “Must be an Oil Man in the White House”
      Got to hear that one for 8 years from morons who don’t understand commodity trading…

  2. critter says:

    No outcry from the sissy democrats now that their boy is in office.

  3. whiskey6 says:

    plus they smell

  4. Daniel says:

    I agree. If Bush was still the President all you would hear from the Democratic establishment would be about the high cost of gasoline. A double standard for sure.

  5. Shockly says:

    Amazing considering that one of the largest oil fields discovered in recent years is right here in the good ole USA, in the upper mid-west.

  6. redrock100 says:

    Wait until u see food prices next month

    1. Zoeyzotron says:

      Redrock – You are right, there is a world food shortage, mostly caused by our government forcing increased use of ethenol…. which is inefficient…I personally have already seen food skyrocket in terms of price.

  7. autismmom says:

    It wont be just food prices going up but we wont be able to go anywhere and stimulate the economy blame it on wall street theyre the ones driving the gas prices up

    1. Zoeyzotron says:

      Wallstreet has very little control on the price of oil and food. Plus you should want Wallstreet to do well, that is where all our retirements are….and I want to actually retire one day

  8. Jake says:

    Then what do we do once we run out here? Gonna run out of gas sooner or later.

  9. G T W says:

    You would think that they learned from the last oil crisis.Dealerships,Banks,gas stations,airlines and more shut down forever.

Comments are closed.

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