Fuel prices jump past $4/gallon

Gas prices jumped about 20 to 30 cents Wednesday in the Tri-Cities area, as refineries in the south prepared for the onslaught of Hurricane Isaac.
Cheryl Welch
Aug 29, 2012

Oil production has dramatically declined and about 56 percent of the oil refineries along the Gulf Coast are evacuating, ultimately causing gas prices to shoot up, said Brian Edwards, meteorologist for accuweather.com.

Per-gallon local gas prices ranged from $3.99 to $4.09 for regular unleaded Wednesday afternoon, higher than the national average of $3.77.

It’s simply unknown how long the price increase will continue.

Comments

LessThanAmused

Yup, from $3.83 to $4.09 in the space of a couple hours, before any effects from the storm are felt. Price gouging at it's finest, no matter what the Attorney General says......

http://finance.yahoo.com/news/ag...

davewali

I sure wish I could change the price for my labor the way gas companies change the price for their commodity.
Oil companies use any excuse they can, valid or not, to raise prices and profits. Yet they still scream that the NEED tax breaks to explore for more oil sources.
It's time to STOP tax breaks for oil companies....their quarterly profits would wipe out the national deficit in a year.

I wish I could blame the station, but they have bosses, too. They charge what their bosses tell them to charge, then await the complaints from their customers. Meanwhile, their bosses sit in their offices trying to figure out the newest excuse to gouge their customers, and put MORE heat on the station managers and employees.

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