National Gas Price Increase Reaches Mid-Missouri

8 years 5 days 48 minutes ago Saturday, December 11 2010 Dec 11, 2010 Saturday, December 11, 2010 2:05:48 PM CST December 11, 2010 in News
COLUMBIA - Local gasoline stations were sporting higher prices Friday, part of a national trend in rising gas prices. Some local stations have seen as much as a 20 cent increase, making the price of gas more than $2.70 per gallon. According to MissouriGasPrices.com, state gas prices now range from $2.65 to $2.94 per gallon.

Overall, this is lower than the national gas price average which rose this week up 33-40 cents a gallon to reach $3.22 a gallon. This comes after the United States has started exporting more fuel overseas, which has driven up gas prices across the nation.

MFA Oil Company Director of Marketing Tom May said that it is impossible to predict the trend of future gas prices, although there are many factors that could contribute to the fluctuation such as the state of the economy.

University of Missouri economist Joe Haslag also agreed that the future of these gas prices are extremely difficult to predict. Haslag said the reason gas prices rise when the nation starts to export more depends on the behavior of consumer supply and demand.

Motorists who were filling up their vehicles Friday were dismayed at the sudden jump in gas prices. Some said they could barely afford to celebrate the holiday season, let alone to start paying more for gas.

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