Saturday, November 01, 2014
   
Text Size
Banner

Gas Prices Take Drastic Jump

(Le Mars) -- Don't look now, but gasoline prices are near or at four dollars a gallon, jumping up fifty cents per gallon within the last few days.  Local prices are at $3.94 for ethanol unleaded and $4.04 a gallon for regular unleaded.  Gail Weinhoulzer is the Public Affairs Director with the Triple A motor club for Minnesota and Iowa.  She says the spike in gasoline prices can be contributed to several factors.  The first reason is oil companies are required to make a switch over from winter blended fuels to summer blended fuels.  But perhaps more significant to the Midwest is that two refineries located near Chicago have shut down for general maintenance.

Listen to

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.



The AAA official says the spike in gasoline prices is primarily limited to the Midwest.  Weinhoulzer says it will be sometime after Memorial Day when both refineries are back on line, but she says don't look for the price of gasoline to drop.

Listen to

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.



Will the sudden spike in gasoline prices change people's minds about traveling for the Memorial Day Holiday weekend?

Listen to

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.



Weinhoulzer does expect to see a continued modest price increase for gasoline within the next few days and possibly weeks.  However, barring any disaster such as a hurricane in the gulf region, or a war in the Mideast, she doesn't see gasoline prices passing the next level of $5 a gallon.

Search KLEM

Banner

"

Copyright 2010, Powell Broadcasting, Website developed by iCast Interactive