Gas prices continue to rise across Rockford

Gas prices continue to rise across Rockford

AAA found self-serve, regular selling for as low as $2.66 and as high as $2.99 per gallon. That is the biggest one-week increase since early September during hurricane season.

Lanke keeps the recent increase in perspective, noting that three years ago he and his fellow Californians were paying over $4 per gallon.

Previous year the average price of a gallon was $2.41, according to the Associated Press.

"Crude oil prices topped 68 dollars a barrel today, rising 2.9% and hitting a 3-year high", said Mary Maguire, Director of Public and Legislative Affairs. "It's a hardship for people", said Gallagher, after pumping $3.11-per-gallon diesel into the Chevy Silverado pickup truck he drives to work sites.

The same goes for the rest of Kansas, where the statewide average price is $2.55. Gas in Oklahoma is averaging 3 cents less.

As of Monday, California had the highest average gas price for unleaded, $3.60 per gallon, followed by Hawaii, at $3.23, while the biggest weekly increase in cost was in MI, which saw a 9 cent spike, followed by the 8 cent rise in DE, according to Gas Buddy, a Boston-based technology company that provides fuel price data.

If you think the prices are pretty bad here, Hawaii has the steepest gas prices at $3.61 a gallon.

At the same time, while the U.S.is producing record amounts of its own crude, the nation is exporting as much as 2-million barrels a day. The energy sector and related industries have more money to spend on equipment and workers.

So, what's causing the prices at the pump to surge?

"The only good news for motorists?" "But consumers as whole will be hurt, mostly because gasoline prices are going up".

"We're seeing a higher price environment", said Kloza to the AP. A wave of global economic growth has driven up demand for oil. "The higher prices are mainly a result of the tightening oil market".

That has amplified the typical increase in gas prices seen this time of year.

Johnson City's average gas price as of Monday morning was $2.60, and Kingsport-Bristol's average stood at $2.63, making Tri-Cities' gas prices some of the most expensive in the state. Gasoline demand sank to its lowest level in almost two months, declining 8 percent from the previous week, AAA said. Missouri's average is the same as gas in Kansas, and Nebraska and Colorado are each at least 10 cents more.

Prices were coming in 2 cents lower than last week's average on Sunday, but that quickly changed overnight, according to AAA's findings.

Pa. Turnpike tolls also are 6 percent higher this year. Don't look for prices to drop as we start a new month.

Information from the Associated Press was used in this report.

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