The culprit behind the price jump - KLTV.com - Tyler, Longview, Jacksonville |ETX News

The culprit behind the price jump

By Morgan Chesky - bio | email
Posted by Ellen Krafve - email

TYLER, TX (KLTV) - East Texans who filled their gas tanks recently may be experiencing flashbacks. For the third day in a row gas prices are on the rise breaking the $2 mark Wednesday. With summer almost here, questions arise if '09 prices at the pump could mirror last years.

A year ago, the average cost of a gallon of gas was pushing $4. Now, the same gallon runs you just over two, nearly a buck and a half difference. But an overnight ten cent jump has some East Texans thinking here we go again.

"We're hopin' that doesn't happen but there aren't any guarantees," said Pat Robinson.

"The situation is a little better than what it was this time last year but every time I think it's going to get better it goes up," said Ernest Gower.

A graph that depicts the average cost per gallon for the past four years, shows gasoline prices would have to rise three cents per gallon every day for the next two and a half months to match the highs of last summer. It's a scenario Dan Ronan with Texas triple a believes is a slim one.

"There's just not the demand for it," said Ronan. "The demand is flat not just in the U.S., but across the world it's flat, so the demand side of it is not really connected to what's taking place right now."

The culprit behind the quick price jump, Ronan said, is a combination of things, including rising oil prices, gas stations anticipating memorial day travel, and the addition of summer blend gasoline. Created to combat city smog, it adds around five to ten cents a gallon. In all, the future rise or fall of gas prices is something East Texas are just resigned to accept.

"There's more important stuff to stress over than the price of gas," said Gower. "The price of gas is not going to change. We're not gonna change it. The oil companies are gonna make billions and there's nothing we can do about it."

If you're looking forward to summer travel, the prices may be in your favor. The Energy Information Administration projects the average price per gallon this summer to be around $2.23 a gallon, down $1.60 from last summer.

©2009 KLTV. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

  • NewsMore>>

  • John Tyler receives donation for local lawyer to help upgrade helmets

    John Tyler receives donation for local lawyer to help upgrade helmets

    Friday, August 18 2017 11:14 PM EDT2017-08-19 03:14:50 GMT
    KLTV StaffKLTV Staff
    The John Tyler Lions always seem to look sharp in their uniforms. But thanks to East Texas lawyer Keith Miller, the Lions will look better and play safer. Helmets that advertise lowering the impact of hits, and possibly reduce the amount of concussions, come with a hefty price-tag. Miller's donation of 7,500 dollars, will go to help the lions cover that cost. "Keith Miller's been a big sponsor of John Tyler High School football program for years now.  I know it's...More >>
    The John Tyler Lions always seem to look sharp in their uniforms. But thanks to East Texas lawyer Keith Miller, the Lions will look better and play safer. Helmets that advertise lowering the impact of hits, and possibly reduce the amount of concussions, come with a hefty price-tag. Miller's donation of 7,500 dollars, will go to help the lions cover that cost. "Keith Miller's been a big sponsor of John Tyler High School football program for years now.  I know it's...More >>
  • Red Zone Rundown: Kilgore looks to a pair of Bulldogs speed to up offense

    Red Zone Rundown: Kilgore looks to a pair of Bulldogs speed to up offense

    Friday, August 18 2017 11:08 PM EDT2017-08-19 03:08:11 GMT
    KLTV StaffKLTV Staff
    The last time we talked about the Kilgore Bulldogs, quarterback Buddy Jackson and wide receiver Jonathan Shepherd were apart of the 800-meter relay team that won gold at the 2017 state track meet. But today they are back in the pads, and looking to turn their speed into touchdowns.  Competing in District 9-4A, Kilgore has always had a strong run game that helped them become the 2016 District Champs. However, in order to surpass their opponents this season, including Carthag...More >>
    The last time we talked about the Kilgore Bulldogs, quarterback Buddy Jackson and wide receiver Jonathan Shepherd were apart of the 800-meter relay team that won gold at the 2017 state track meet. But today they are back in the pads, and looking to turn their speed into touchdowns.  Competing in District 9-4A, Kilgore has always had a strong run game that helped them become the 2016 District Champs. However, in order to surpass their opponents this season, including Carthag...More >>
  • Arp ISD takes extra precautions after high levels of asbestos reported in city's water

    Arp ISD takes extra precautions after high levels of asbestos reported in city's water

    Friday, August 18 2017 10:43 PM EDT2017-08-19 02:43:21 GMT
    Sample of water taken from sink inside Arp Junior High School. (Source: KLTV News Staff)Sample of water taken from sink inside Arp Junior High School. (Source: KLTV News Staff)

    Holding up a sample of water collected from a sink at the Arp Junior High school, the district’s superintendent says “it looks like lake water.” 

    More >>

    Holding up a sample of water collected from a sink at the Arp Junior High school, the district’s superintendent says “it looks like lake water.” 

    More >>
Powered by Frankly