Gas Prices Up, But For How Long? -

Gas Prices Up, But For How Long?

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Gas prices see recent spike Gas prices see recent spike

We've had it pretty good lately. But this week drivers like Michael Lee are doing double takes.

"2 days ago I saw 3.03 or 3.04. I turn my back for a day or two and it's 3.29, 3.39 down the street. I'd like to know what's going on, what's fueling the price increase?"

We went to AAA for answers. They said gas prices are expected to spike another 10-15 cents in the next few weeks.

"There are a couple different factors. One the US is low on their inventory of oil, and then secondly with the unrest in the Middle East, specifically in Egypt you've got some fear about the transport of the oil over here," said Stacey Fish with AAA in Greenville.

We usually see gas prices rise in the second half of the summer because of the threat of hurricanes and increased demand, that's why analysts say they're not sure when we'll see relief at the pump.

That has people like Lewis Sullivan nervous. He owns North Side Auto in Greenville and has to fill up 10 cars a week. We did the math, and the spike translates to an extra 22 dollars on a bill that's already in the hundreds.

"It really hurts the profit because we getting say, OK, we are spending $300 this week and we're spending $380 the next week and then $400 so the profit level is lost because we're spending so much money on fuel and everything," said Sullivan.

Lee says the gas spike will change his buying habits.

"Absolutely, I'm looking for the best price in town," he said.

And you don't have to waste gas doing that. Just look for the gas link on our home page in the big blue box to find the cheapest gas near you.

  • Do you get gas at the same station, or shop around for the best price?

  • Thank you for participating in our poll. Here are the results so far:

    Same station
    243 votes
    Shop around
    291 votes
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