Gas prices on the rise

By Justin Logan - bio | email feedback

Jonesboro, AR (KAIT) - Every time we head to the pump it seems like the prices are higher than before. The bad news, this may only be the beginning and Sharon Charolla is already feeling the pain.

Charolla said, "Every time I look at that tank it's going up more and more. I can't believe what it cost me just now to fill up."

Charolla is not alone when it comes to the pain at the pump. Take a look across town and you will see prices are getting higher and higher, it seems by the minute.

One year ago the average price in Arkansas for regular unleaded was a $1.95 per gallon. Patrick DeHaan, Senior Petroleum Analyst for said that's nothing compared to the national averages over the last two years.

DeHaan said, "Of course 2008 at this time we saw prices about $3.41 a gallon. At this time in 2009 we saw prices about $2.10 a gallon."

The question that everyone has, why are the prices rising?

"Typically this time of year refineries undergo maintenance at their plants to prepare for the increased demand and the different types of fuel we use during the summer," said DeHaan.

Our wallets may even have less in them before the summer is over. DeHaan said we could be looking at prices between $2.95 and $3.15 a gallon, if not more.

"We can expect prices to continue to increase ahead of the Memorial Day weekend, which is when the driving season begins for much of the United States and demand rises," said DeHaan.

That's not the first time we've heard that. Right before every holiday the price at the pump takes a jump.

Charolla said, "I noticed it last year at Thanksgiving time. So we get to where we stay at the home and have our family reunions at the house."

There is some good news, but it may only be temporary.

DeHaan said, "We can expect prices to relax just a little bit a few weeks after Memorial Day passes, but then again we do have hurricane season."

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