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Gas prices on the rise again

Posted February 12, 2009
Updated March 9, 2009

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— Gasoline prices have jumped nearly a penny per gallon within the past two months and are nearing the $2 mark for a gallon of regular unleaded.

On Jan. 1, the average price of a gallon of gasoline in North Carolina was $1.58. According to AAA Carolinas, the price has jumped 33 cents to $1.91.

Gas prices Low demand means higher gas prices

Industry experts say the cause is likely that supply is going down because refineries are cutting production, both domestically and internationally.

The reason for that, according to Charlene Edwards, with AAA Carolinas, is that fewer people are traveling.

One of those people is Ron Rader, who says he tries not to drive too far from home.

"When it was around $4, we cut back a lot," Rader said. "And when it got down to $1.50, we increased a little bit."

But now, with prices on the rise, he doesn't want to use as much fuel.

If Rader's story is indicative of the bigger picture, that's why, petroleum marketers say, refiners are cautiously cutting.

"The majors don't want a lot of product sitting around, because you don't know what prices are going to do," said Gary Harris with the North Carolina Petroleum Marketers Association. "At any time, the markets could change, prices could rise."

Refiners, he said, don't want excess inventory.

Experts also say it is really difficult to predict what will happen because gas prices keep going back and forth.

48 Comments

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  • alwayslovingu30 Feb 13, 2009

    Every time I go by walmart in Zebulon n.c the pumps R full cars everywhere U have to waith in line.Yet another ploy to keep prices hight an let big oil comapnys produce record profits

  • nobama Feb 13, 2009

    Why isn't Obama doing something about these high gas prices?

  • whatusay Feb 13, 2009

    The oil companies are manipulating the price of gas and politicians know it. But, I assume the politicians are being paid to ignor what is happening. Crude is down and there is a surplus of oil, but Exxon, Shell, BP, and the others have stopped the refineries in order to drive prices up so they can keep making record profits at the expense of a depressed economy. I hope there is a proper place for these people when their time is over.

  • NJDEVILSFANINNCHELL Feb 13, 2009

    Just ANOTHER "CON" game run by the oil companys to keep prices high!!!

  • 68_polara Feb 13, 2009

    T-man your right on, it doesn't make sense.

  • T-Man Feb 13, 2009

    "Gasoline prices have jumped nearly a penny per gallon within the past two months and are nearing the $2 mark for a gallon of regular unleaded."

    Umm, if gas had only jumped nearly a penny per gallon, this wouldn't be a story! They have jumped nearly a penny per gallon PER DAY.

  • 68_polara Feb 13, 2009

    Unfortunately wars don't cause recessions, if they did, we wouldn't have any.

  • baileysmom3 Feb 13, 2009

    the gas prices and the war caused the recession to begin with.

  • Timetogo Feb 13, 2009

    When Exxon can have a record profit quarter qhile gas prices are killing us at the pumps, that's simple GREED. Pure and simple!

  • ignc73 Feb 13, 2009

    Everybody talking about greed.... it goes both ways. Everybody complaining about prices are also GREEDY in that they expect that they are entitled to gasoline at $x.xx per gallon. Greed, greed, greed. If gas is expensive, buy less of it. End of story.

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