San Antonio – A few days before Halloween, local drivers have a terrifying sight – gas breaks the $3 per gallon mark. And one analyst says no measure has been seen yet.
For consumers, this means the fear of more cash to get a job, take the kids to school, or work.
“I was able to fill my car for $15. That’s double,” said Sharon Walker. “Now I’m paying $30.”
Gallon prices rose 9 cents last week. Last month’s average rose 26 cents.
And it costs about $17 to fill the tank compared to a year ago. This is roughly equivalent to the cost of a large pizza, which includes one piece, or a monthly Netflix invoice.
Why do prices go up when they usually fall?
Patrick DeHaan, chief analyst at Gas Buddy, said:
He said the supply-demand gap has widened as the energy crisis in Europe and China escalated, and no remedy has been found in consumer wallets.
“Don’t expect things to be better for the holidays,” he said. “Actually, they might be a little worse.”
The average price of a gallon of gasoline on Tuesday was $2.90 a gallon.
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$3 gas is here and there doesn’t seem to be any respite
Source Link $3 gas is here and there doesn’t seem to be any respite