Pains at the pump

Vacationers aren't the only ones riding roller coasters this summer — gasoline prices continue their wild ride of ups and downs.
Marie Havenga
Jul 12, 2013

 

Unfortunately, it's up this week — mostly due to unrest in Egypt, and declining crude oil and gasoline inventories.

Gas was in the $3.65-a-gallon range in the Tri-Cities early Thursday, then jumped to $3.85 by late afternoon. That's up about 40 cents from last week.

According to Dearborn-based AAA of Michigan, West Michigan prices averaged $3.49 on Monday, up from $3.42 last week, but down from $4.28 a month ago.

Oil prices have jumped about $11 a barrel from two weeks ago.

GasBuddy.com senior petroleum analyst Patrick DeHaan said Michigan prices are quick to respond to instability. We're at the front of the pack on price hikes, and the state is usually the first place where gas prices start to trickle down compared to national averages.

“The increase is being seen nationally, but it so happens we're very fast to respond,” DeHaan said. “Across the country, gas may go up for the next week. Here, in the next two days, gas will start trickling back down.”

Indiana resident Chuck Holloman put $36.02 worth of gas into his PT Cruiser at the Shell station in Grand Haven on Thursday afternoon. He said prices were lower in Indiana when he left there Thursday morning.

“It's got to be done,” he said of his purchase. “You need gas. I'm not about to go electric.”

The $3.85 per gallon that Holloman paid mirrors the state average, according to GasBuddy.com statistics.

Grand Haven resident Jake Vermurlen pumped $20 in his vehicle on Thursday. It's a ritual he repeats every three days.

“It was like 25 cents cheaper a couple of hours ago,” Vermurlen said. “I think there's no reason why it should have shot up like this. I think it's price gouging. They didn't have a truck come in today and fill up (their underground tanks). I know that for a fact. Why are the prices up?"

To read more of this story, see today’s print or e-edition of the Grand Haven Tribune.

Comments

bc2

This is one area where the media has failed completely. Its always DeHaan who is quoted. This story never gets adequate coverage in the national media, the local and regional news outlets. There is never a show us the money breakdown of how the oil in the tanker gets marked up by the time it reaches the pump. There are only a couple of industry sources whose word is accepted as gospel that get quoted. What ever happened to investigative journalism?

Say no to new taxes

Natural gas is the answer to this problem. The government pumped billions into electric car development when natural gas is the real answer to rising oil prices. You can buy natural gas at a Wesco station in Muskegon for $2.39 per gallon. It's a clean burning, high octane fuel that's plentiful in this country (that is until we allow exports). All of the major car manufactures are coming out with vehicles that burn this fuel. While more expensive then a gasoline powered car, prices should come down when volume of these cars increase.

ghjhs

The big oil co's have a lot of palms to greese,lots of payoffs,big party's huge homes for all the excutives,yaths,lots of off shore bank accounts to fill,campain money to get who they want elected,yep takes a lot of money..our money.Propane cars sound good but don't you think when we start using a lot of it the price will go up as well as our home heating cost,Hybred cars for now seem to be the answer. Mi has a lot biger proublems,low paying jobs and not many of them,you might think trickey Rickey is doing a good job but the truth is he dose nothing about all the shops use temp services, $8.00 hr,no insurance,no vacation,no profet sharing,how do these workers that have a familey ever get off food assit and Medicade.they dont. Snyders rich buddys who owen these factoryes are making huge profets and leting tne tax payer pay for the assistance programs the workers need to survive.yea vote another Republican in to office, gas prices Snyder has done nothing but he wants to put more tax per gal and raise regeristation cost,were did all the money go we allready payed? and our roads didn't get fixed!and all the other tax we payed but our schools have to make cuts and some closed..yep Michigan is in reall trouble more than most of us know.

 

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