JONESBORO, AR (KAIT) - Are sky high gas prices pumping money out of your pay check? The question is...are these gas prices going to let up in the new year?
"They're outrageous. They need to go down," says consumer Van Koffman.
While gas prices have been hitting some folks hard, the new year doesn't appear to bringing much relief. With strong global demand, and tighter supply, the cost crude oil is up. Prices at the pump are expected to average over 3 dollars a gallon in the coming year.
"I hope they are wrong because that is going to put a strain on a lot people and make them choose between eating and buying gas to go to work," says consumer John Shipman. He says with prices already around $2.89 per gallon, he's already had to cut corners.
"It's really making me have to adjust my budget. I have two teenagers at home that like to run around. If things don't change we're going to have to slow things down a little bit," says Shipman.
There have been positive strides in the economy this holiday season. More shoppers hit the department stores, as well as a three percent increase in those hitting the roadways. But, some economists expect the rising cost of fuel to cause the economy take a couple steps back.
"Milk, eggs, everything starts going up because it cost so much to get the people into the stores," says Shipman.
"It's hard on just about anybody. The way prices are and the wages, it's hard to afford to buy gas or anything," says Koffman.
Koffman drives a diesels truck, and when he fills up it costs a pretty penny.
"It's about 80 to 90 dollars because I have a 30 gallon tank. With it being $3.00 a gallon, it cost close to a hundred dollars. So, you're talking $160.00 to $200.00 a month," says Koffman.
But with the cost of fuel on the rise, many are looking for other way to cut the cost.
"Right now we're looking for a smaller truck or car," says Sucanna Harris.