Gas Prices Soar, But Why? - FOX 13 News

Gas Prices Soar, But Why?

Posted: Updated:

Just when you thought you were starting to see some relief at the gas pump-- sticker shock!  Motorists across our area have seen prices climb dramatically over the past few days.  "Three or four days ago actually on Street road I seen it was $3.39 for regular," Mario Patrascu, a Huntingdon Valley resident, told Fox 29.  And now?  "Today it was $3.79."  A whopping 40-cent jump.  

It's happening all across the region.  Last Friday at a gas station in Bensalem, a gallon of regular cost ten cents less than it does today.  "One minute it's $3.15, okay it's going in the right direction, yada yada yada," a frustrated Mike Hornyak complained.  "And then the next it's $3.25.  And then $3.35, and then $3.45.  What the heck happened overnight that it went up 10 cents?" Hornyak demanded to know.

A couple of things are happening.  Experts say as the economy improves, the price of crude goes up.  At the same time refineries are changing over to their summer gas blend, which means they're not producing as much gasoline right now.  Lower supply, higher prices.  

"In the last week alone up 19 cents a gallon," Jenny Robinson of Mid-Atlantic AAA told Fox 29.  Which means drivers are on the hunt again for the cheapest gas possible.  In Pennsylvania, that means heading over the Delaware River.  "I'm getting $5 in Pennsylvania, just enough to get me over the Tacony-Palmyra bridge so I can fill up in Jersey," Hornyak said.

"Are we going to see any relief?  Not in the next few weeks, although we could see prices level off," Robinson said.  But that may not happen for a couple of weeks, at least.  March should see prices stabilize, but expect to see another spike in April.  And that's not all, Governor Corbett is proposing a gas tax hike, which could see prices go up 28 1/2 cents a gallon over the next 5 years, if his plan is approved.

  • Local NewsMore>>

  • 3 Injured, Child Killed, In Shooting In South Philadelphia

    3 Injured, Child Killed, In Shooting In South Philadelphia

    Friday, August 1 2014 10:41 PM EDT2014-08-02 02:41:37 GMT
    SkyFOX was live over the scene on the 1500 of South Etting Street in South Philadelphia around 9:40 p.m. on Friday. Police say four people have been shot. According to authorities, a 3-year-old girl was shot, one time in the left side of her chest. She was transported to the Children’s Hospital of Philadelphia and was pronounced dead. 
    SkyFOX was live over the scene on the 1500 of South Etting Street in South Philadelphia around 9:40 p.m. on Friday. Police say four people have been shot. According to authorities, a 3-year-old girl was shot, one time in the left side of her chest. She was transported to the Children’s Hospital of Philadelphia and was pronounced dead. 

  • Suspect Confesses To Murder, Police Search For Bodies In Park

    Suspect Confesses To Murder, Police Search For Bodies In Park

    Friday, August 1 2014 10:22 PM EDT2014-08-02 02:22:08 GMT
    Authorities say they are searching allegedly for two dismembered bodies buried in a wooded in Indian Rock Park in Springfield after a murder suspect confessed to killing two people.
    Authorities say they are searching allegedly for two dismembered bodies buried in a wooded in Indian Rock Park in Springfield after a murder suspect confessed to killing two people.
  • Police: Boater Disappearance May Have Been Staged

    Police: Boater Disappearance May Have Been Staged

    Friday, August 1 2014 9:42 PM EDT2014-08-02 01:42:31 GMT
    Egg Harbor Township Police believe the disappearance of a boater in July may have been staged.
    Egg Harbor Township Police believe the disappearance of a boater in July may have been staged.
Powered by WorldNow

FOX 13 / WTVT-TV
3213 West Kennedy Blvd.
Tampa, Florida 33609
Main: (813) 876-1313
Newsroom: (813) 870-9630
Fax: (813) 871-3135

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices