The Pain at the Pump isn't Over - KAIT Jonesboro, AR - Region 8 News, weather, sports

Jonesboro, AR -- Gia Hill Reports

The Pain at the Pump isn't Over

April 11, 2006 -- 5:10 PM CST

 

JONESBORO, AR -- Gas prices are on the rise, and Mary Ann Acklin of Jonesboro said that the prices have been out of this world lately.

"I just don't know what we're going to do, and I don't know what everyone else is going to do," said Acklin.  

Regular unleaded fuel at one local service station was $2.64 per gallon.    Acklin said it costs her $40 to fill up.

"I use regular," she said.  "I use the most inexpensive I can which is very outrageous today."

Mike Mcquay said that it costs him $40 to fill up too.    He also said it was "four hours of hard work gone down the drain."

"All they do is price gouge," he said.   " I mean $2.64 a gallon, and a week and a half ago it was down to $2.49 a gallon."    

Acklin said that it’s the Government’s fault, but Gauri Guha, Economics Professor at Arkansas State University, doesn't agree.

"I don't think that the rise in prices paid at the pump can be blamed on the Government blatantly."

Going on vacation by car will put a dent in pocket books this Summer.   Acklin said that she’s checked air travel rates, and if she chose to go on vacation, it wouldn’t be by automobile.

Jim Murray of Jonesboro said that he hasn’t let the high prices put a strain on traveling.

"It's been this way for some time, so in planning any possible vacation…I sort of set back for it, unless we have another huge increase," said Murray.

The economy was booming in the 1990's and gas prices were low, but experts say that was just good fortune.

"We were just lucky that it was steady during the 90s…so we got lucky," said Guah.

 He also said that there's a silver lining for Region 8.

"In the U.S. we are probably luckier in the South," said Guah.  "We pay the lowest probably in the U.S. because we happen to be closer to the supply sources."     

Arkansas may be closer to the supply sources, but the pain at the pump is real and it's going to hurt even more.

Powered by Frankly