Quantcast

Gas prices on the rise locally and nationally - KOAA.com | Continuous News | Colorado Springs and Pueblo

Gas prices on the rise locally and nationally

Posted: Updated:

National and state gas prices have jumped close to twenty cents from a week ago. Hurricane Harvey and the Labor Day weekend are big factors in that jump.

Lower prices depends on Texas refineries and how quickly they can get up and running again, for now the higher prices will remain.

There's pain at the pump even in Colorado,"Honestly it was a total shock I didn't think it was real at first. I thought it was wrong on the sign," said Nick Merna.

A Conoco station on Garden of the Gods near I-25 has regular gas priced at $2.77 a gallon. Multiple pumps read out of service, and if your car needs premium gas well the sticker shock is worse.

"Normally it's maybe 40 cents more expensive than regular," said Michael Wilber as he pumped premium, "But yeah it's a dollar and twenty cents more than I normally pay."

At other stations regular sits near the state average of $2.53 a gallon. Six cents lower than the national average but still over 20 cents from a week ago.

After Hurricane Harvey knocked out up to 20 percent of the nation's refineries, Texas saw a massive gas shortage. If refineries don't open soon prices will climb,"If the refineries are down for months as opposed to weeks we could see high prices move up to let's say the three dollar a gallon neighborhood," said Oil Price Information Service's Tom Kloza.

A perfect storm of Harvey and the Labor Day weekend travel push the high prices for now, "People are going to pay for it no matter how expensive it gets," said Wilber.

A year ago prices sat around 30 cents lower nationally and locally, or about ten cents off of what the market would have been if not for the hurricane.

WEATHER
Drive the Doppler
  • Most Popular StoriesMost Popular StoriesMore>>

  • Man steals motorcycle, crashes minutes later and dies

    Man steals motorcycle, crashes minutes later and dies

    Wednesday, May 23 2018 1:35 PM EDT2018-05-23 17:35:38 GMT

    A 44-year-old Colorado Springs man is dead after crashing a motorcycle he stole just minutes before the crash. 

    A 44-year-old Colorado Springs man is dead after crashing a motorcycle he stole just minutes before the crash. 

  • VIDEO: Air Force Academy Graduation 2018

    VIDEO: Air Force Academy Graduation 2018

    Wednesday, May 23 2018 3:08 PM EDT2018-05-23 19:08:51 GMT

    Wednesday will be one of the busiest days of the year for the Pikes Peak region as people from across the county flock to Colorado Springs for the Air Force Academy graduation ceremony. 

    Wednesday will be one of the busiest days of the year for the Pikes Peak region as people from across the county flock to Colorado Springs for the Air Force Academy graduation ceremony. 

  • Multiple agencies bust illegal grow operation in El Paso County

    Multiple agencies bust illegal grow operation in El Paso County

    Wednesday, May 23 2018 12:58 AM EDT2018-05-23 04:58:06 GMT

    Multiple agencies are conducting a major marijuana bust operation south of Ellicott Tuesday.

    Multiple agencies are conducting a major marijuana bust operation south of Ellicott Tuesday.

Powered by Frankly

© KOAA.com 2018, KOAA.com
A CORDILLERA COMMUNICATIONS Station
All rights reserved
Privacy Policy, | Terms of Service, and Ad Choices

Can't find something?