No Relief in Sight for Rising Gas Prices - KAIT Jonesboro, AR - Region 8 News, weather, sports

Heather Flanigan Reports

No Relief in Sight for Rising Gas Prices

JONESBORO, AR (KAIT) -- The nationwide average price of a gallon of gasoline is up to $3.65, it's a number that has been steadily climbing.  In Arkansas, gas is running around $3.58 but you can find it cheaper at some filling stations if you know where to look.  But consumers aren't getting their hopes up for any breaks soon.

"My gas light came on my truck and I came to fill her up. I've been waiting for gas prices to go down but of course they didn't," said Bobby Brown as he filled up.

A price break at the pump can be a tough find!  With gas prices in region 8 hovering around $3.50 or more, it's been a long time since drivers have had relief.

"I spend $50-$60 dollars a day on gas, every day," said driver Dale Barker.

"It's around $70 to fill up and that's taking away from other things of course," said Brown, "It's quiet a strain on my budget but we got to do what we've got to do unfortunately."

As gas prices continue to rise many folks believe it is just something that they will have to factor into their budget and many believe there is nothing that they can do about it.

"I just have to adjust, as everybody is going to have to. It's never going back down, in the 70's when it went up, it never came back. It's not going to come back again, we're just going to have to adjust," said Bud Poulin as he filled up his company's van.  

And while many drivers seemed open to the idea of a government imposed gas tax break, they feared it wouldn't be a permanent solution.

"I have an idea that it will get worse before it gets better but there isn't a whole lot that you can do about it," said Barker.

Some relief may be on the way.  Saudi Arabia is expected to ship 16 million barrels of crude oil to the U.S. in May and June, easing some of that heightened summer demand.  The Energy Department expects prices to peak at a monthly average of $3.73 in June, though many analysts say national average prices could rise as high as $4. Consumers in many Regions, including parts of California and Hawaii, are already paying that much. 

Oil rose Friday above $126 a barrel for the first time.

For local low gas prices, click on our Region 8 Pump Patrol 2.0 Section on our homepage at kait8.com.

 

Powered by Frankly