Thursday, 02 August 2012 19:41

Local Gas Prices Poised To Surge Again

Written by  Larry States
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Another surge in gas prices at the pump is expected in the Akron area and the Midwest by the weekend with some prices jumping 10 to 30 cents a gallon. Patrick DeHaan of Gas-Buddy.com tells AkronNewsNow why the spike now?.

"Three refineries have suffered setbacks in recent days, as well as a crude oil pipeline shutdown  that delivers crude oil from Canada to Chicago. It's for this reason that wholesale prices have risen 61 cents a gallon in the last six days and it's for that reason that we can expect more increases at the pump," says DeHaan.

How high will the price per gallon go? " I think that a majority of areas will see high three dollars range , 3.80's, 3.90's. I don't think four dollars will be commonplace yet."

DeHaan says the price hike could last for some time until the pipeline and refinery problems are resolved. " Typically the refineries may be fixed here in a week or so, but the pipeline is more of what I'm concerned with for the time being. The pipeline closure may linger, and it  could disrupt crude oil shipments to these refineries, so the whole situation may last a few weeks."

Larry States

Larry States

Larry States has been a news anchor and reporter for 36 years at radio stations in Akron and Canton, including the last 26 at 1590 WAKR. States served as News Director of WAKR for 14 years. Larry also served as news director of the former WAKR TV 23 in Akron. Larry was inducted into the Broadcasters Hall of Fame in Akron in 2004. He is currently a member of the Summit County Emergency Management Committee. An Akron native, Larry is a 1970 graduate of Hower High School and a 1975 graduate of the University of Akron. Contact Larry through the newsroom at 330-864-6397 or email at lstates@rcrg.net

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