News

Gas prices skyrocket over the last month

Written by Tim Lambert and Radio Pennsylvania | Jul 24, 2013 4:00 AM
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(Undated) -- Drivers across the midstate may be doing double take when they pull up to the pumps to fill their tanks.

In the last month, the average price of a gallon of unleaded in Pennsylvania has jumped $.15 cents to $3.68.

Jenny Robinson of AAA Mid-Atlantic says after a drop for the Fourth of July holiday, the cost of gas has shot upward.

"It is pretty painful. It's a real sticker shock to see how much they've gone up in just the last week or so," she says.

Robinson points to one big factor for the increase.

"Crude oil prices have jumped 17 percent in four weeks. They're trading well over $100 dollars a barrel," she says. "Keep in mind, crude oil prices really represent most of what you pay at the pump...more than half. So, that's going to affect it."

Noting global uncertainty over oil supplies in Egypt, Libya, Iraq and Nigeria as well as the increase in demand over the summer, Robinson says the price of gas likely won't ease anytime soon and could even climb to $3.75 a gallon or higher.

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