Gas prices expected to rise

7 months 2 weeks 3 days ago Wednesday, January 04 2017 Jan 4, 2017 Wednesday, January 04, 2017 2:23:00 PM CST January 04, 2017 in News
By: Hanna Knutson, KOMU 8 Reporter
loading

COLUMBIA - With a only few days into the new year drivers can expect to see an increase in gas prices in the upcoming months. According to GasBuddy.com, gas prices are expected to reach a three year high with some major cities paying up to three dollars per gallon.

GasBuddy.com Senior Petroleum Analyst, Gregg Laskoski, said the primary reason for the hike is the global increase in crude oil prices. 

"We're looking at a national average that is 37 cents higher than it was a year ago at this time. The key reason is because crude oil prices are quite a bit higher than they were a year ago," Laskoski said.

Though they are high Laskoski does not expect to see prices increase to over four dollars like they were back in 2008 and that the national average price will be about $2.49 a gallon.

Laskoski says the increase won't happen right away.

"We expect to see gas prices rise from February through March and April. We would expect to see these prices peak sometime in May, June or July. This year we're expecting them to peak in May. If we have an improving economy we would expect to see considerable demand through the summer time and we would also start to see prices start to decline after Labor Day," Laskoski said.

Ryan Dickenite says the increase is not terrible.

"I've seen them a lot higher. It's really not too bad compared to that," said Dickenite.

Meanwhile, Renee Morrison says an increase in gas prices can really hurt the lower class.

"It's horrible. It really hurt the economy because no one can go out or do anything especially the lower income people. I live in a rural community and it's just hard. In the rural communities it even goes higher because it takes more to transport it in," said Morrison.

Sites like Gasbuddy.com, Mapquest.com and Autoblog.com can help you compare and find the best gas prices near you.

More News

Grid
List
COLUMBOA - On Friday, The University of Missouri Board of Curators are expected to approve the Memorial Stadium South Expansion... More >>
27 minutes ago Wednesday, August 23 2017 Aug 23, 2017 Wednesday, August 23, 2017 3:58:00 PM CDT August 23, 2017 in News
JEFFERSON CITY - Missouri Gov. Eric Greitens once again pushed for Sen. Maria Chappelle-Nadal (D-St. Louis) to resign after her... More >>
43 minutes ago Wednesday, August 23 2017 Aug 23, 2017 Wednesday, August 23, 2017 3:42:00 PM CDT August 23, 2017 in News
COLUMBIA – Graduate students at the University of Missouri say while they've achieved a lot of success in the past... More >>
44 minutes ago Wednesday, August 23 2017 Aug 23, 2017 Wednesday, August 23, 2017 3:41:00 PM CDT August 23, 2017 in News
COLUMBIA – The solar eclipse has come and gone, and Columbia is saying the once-in-a-lifetime event brought around $1.36 million... More >>
46 minutes ago Wednesday, August 23 2017 Aug 23, 2017 Wednesday, August 23, 2017 3:39:00 PM CDT August 23, 2017 in News
JEFFERSON CITY, Mo. (AP) — Gov. Eric Greitens announced appointments to several boards and commissions, including three new members of... More >>
59 minutes ago Wednesday, August 23 2017 Aug 23, 2017 Wednesday, August 23, 2017 3:25:30 PM CDT August 23, 2017 in News
COLUMBIA - Traffic in downtown Columbia is already chaotic, especially due to the ongoing construction near campus. Throw in... More >>
1 hour ago Wednesday, August 23 2017 Aug 23, 2017 Wednesday, August 23, 2017 3:25:00 PM CDT August 23, 2017 in News
COLUMBIA - The Powerball jackpot has reached its' second highest total in history, estimated at $700 million, which someone could... More >>
1 hour ago Wednesday, August 23 2017 Aug 23, 2017 Wednesday, August 23, 2017 2:30:00 PM CDT August 23, 2017 in News
COLUMBIA - Columbia police are looking for the man they say fired shots at a vehicle. Investigators say a... More >>
1 hour ago Wednesday, August 23 2017 Aug 23, 2017 Wednesday, August 23, 2017 2:26:43 PM CDT August 23, 2017 in News
CUBA, Mo. (AP) — A Native American tribe in Oklahoma is hiring lobbyists in its bid to open a casino... More >>
2 hours ago Wednesday, August 23 2017 Aug 23, 2017 Wednesday, August 23, 2017 2:16:26 PM CDT August 23, 2017 in News
ST. LOUIS (AP) — Three people are recovering from injuries after strong turbulence forced a regional airline plane to divert... More >>
2 hours ago Wednesday, August 23 2017 Aug 23, 2017 Wednesday, August 23, 2017 2:05:07 PM CDT August 23, 2017 in News
ST. LOUIS (AP) — Just months after dismantling a Confederate memorial, the city of St. Louis has torn up a... More >>
3 hours ago Wednesday, August 23 2017 Aug 23, 2017 Wednesday, August 23, 2017 1:04:28 PM CDT August 23, 2017 in News
JEFFERSON CITY (AP) — There's a new website aimed at providing sexual harassment resources to interns following past allegations... More >>
3 hours ago Wednesday, August 23 2017 Aug 23, 2017 Wednesday, August 23, 2017 12:37:57 PM CDT August 23, 2017 in News
JEFFERSON CITY (AP) — Missouri Governor Eric Greitens says if a state lawmaker who expressed hope on Facebook that... More >>
4 hours ago Wednesday, August 23 2017 Aug 23, 2017 Wednesday, August 23, 2017 12:25:00 PM CDT August 23, 2017 in News
AURORA (AP) - A former Aurora school superintendent is no longer facing a misdemeanor charge of failing to report child... More >>
5 hours ago Wednesday, August 23 2017 Aug 23, 2017 Wednesday, August 23, 2017 11:23:00 AM CDT August 23, 2017 in News
HILLSBORO (AP) — Authorities say an eastern Missouri woman who is charged with fatally shooting her sleeping boyfriend told investigators... More >>
5 hours ago Wednesday, August 23 2017 Aug 23, 2017 Wednesday, August 23, 2017 10:54:00 AM CDT August 23, 2017 in News
BOONE COUNTY - Deputies arrested a man on Tuesday on suspicion of sexually assaulting an underage female in June. ... More >>
6 hours ago Wednesday, August 23 2017 Aug 23, 2017 Wednesday, August 23, 2017 9:39:00 AM CDT August 23, 2017 in News
The Powerball jackpot climbs to $700 million, giving players a chance to dream of winning the second-largest lottery prize in... More >>
8 hours ago Wednesday, August 23 2017 Aug 23, 2017 Wednesday, August 23, 2017 8:13:00 AM CDT August 23, 2017 in News
STEPHENS - Boone County Pay It Forward , a popular local Facebook group, will host its Basic Needs Fundraiser at... More >>
8 hours ago Wednesday, August 23 2017 Aug 23, 2017 Wednesday, August 23, 2017 8:09:00 AM CDT August 23, 2017 in News
Columbia, MO
Broken Clouds 79°
5pm 79°
6pm 78°
7pm 76°
8pm 70°

Select a station to view its upcoming schedule:

Coming Up Next

4:00p
Jeopardy!
4:30p
Jeopardy!
5:00p
KOMU 8 News @ 5
4:00p
Cops Reloaded
4:30p
The Cleveland Show
5:00p
American Dad!

Tonight's Schedule

7:00p
America's Got Talent
8:01p
Marlon
8:30p
Marlon
9:00p
Law & Order: Special Victims Unit
7:00p
Arrow
8:00p
Supernatural
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld