Gas prices keep rising in Greenville and across the country - KAIT-Jonesboro, AR-News, weather, sports

Gas prices keep rising in Greenville and across the country

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(File: FOX Carolina) (File: FOX Carolina)
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    Monday, July 2 2012 3:32 PM EDT2012-07-02 19:32:03 GMT
    What determines the cost of a gallon of gas?  One part of the price may surprise you.  It may add up to sixty cents per gallon to what you pay at the pump.
    What determines the cost of a gallon of gas? One part of the price may surprise you. It may add up to 60 cents per gallon to what you pay at the pump.
GREENVILLE, SC (FOX Carolina) -

Gas prices in Greenville continued to climb this week and experts said peak prices are still to come as refineries continue with their maintenance season.

The average retail price for a gallon of gas in Greenville went up 2.6 cents over the past week, bringing the average up to $3.16 for the area, according to the gas pricing website GasBuddy.com.

National prices rose at an equal rate this week, bringing the average to $3.50 after the 2.6 cent hike, according to GasBuddy. 

"The national average has unsurprisingly continued its march higher, and for the sixth consecutive week, motorists have faced rising gasoline prices," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

"While the rate that gasoline prices may slow nationally this week, I don't yet believe we've seen the peak in prices. Refineries are in the middle of one of their two major yearly maintenance seasons, which means as refineries wrap up their work in April, we could see restarting issues, which could bring the spikes in gasoline prices we're nearly accustom to seeing every spring," DeHaan said.

Copyright 2014 FOX Carolina (Meredith Corporation). All rights reserved.

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