Spring: A time for flowers, high gasoline prices

6 years 11 months 1 week ago Saturday, April 07 2012 Apr 7, 2012 Saturday, April 07, 2012 6:44:00 PM CDT April 07, 2012 in News
Source: Associated Press
By: Associated Press

NEW YORK (AP) - The average price of gasoline soon could surpass $4 per gallon nationwide. It's already $3.93 per gallon, a record for this time of year.


Why the seasonal spike? It's the time of year refineries reduce output to repair equipment and start making a cleaner, more expensive blend of gasoline for summer.


The National Association of Convenience Stores says since 2000, pump prices have risen every year between early February and late May.


The annual increase has boosted prices by 27 percent on average, but this year, prices have risen 14 percent since Feb. 1.


Tom Kloza, chief oil analyst at Oil Price Information Service, says the built-in increase in prices is accentuated this year because of strong global demand, heightened tensions with Iran and a smattering of supply disruptions that have kept crude oil prices elevated for months.


Also this year's spring surge is more extreme than usual because three refineries that serve the East Coast were shut down last fall and another one may be closed in July.

More News

Grid
List
KANSAS CITY (AP) — Vice President Mike Pence was expected to visit the Midwest on Tuesday to view flooding caused... More >>
7 minutes ago Tuesday, March 19 2019 Mar 19, 2019 Tuesday, March 19, 2019 3:39:00 PM CDT March 19, 2019 in News
COLUMBIA - The MU Police Department announced Tuesday it had fired an officer after a photo of him in blackface... More >>
1 hour ago Tuesday, March 19 2019 Mar 19, 2019 Tuesday, March 19, 2019 2:10:00 PM CDT March 19, 2019 in News
COLUMBIA - A man who says he was conned by someone he met at the Central Pantry in Columbia feels... More >>
2 hours ago Tuesday, March 19 2019 Mar 19, 2019 Tuesday, March 19, 2019 1:30:00 PM CDT March 19, 2019 in News
HALLSVILLE - The Hallsville School District notified parents Monday of a threat toward students that happened in the previous week.... More >>
5 hours ago Tuesday, March 19 2019 Mar 19, 2019 Tuesday, March 19, 2019 10:04:00 AM CDT March 19, 2019 in News
COLUMBIA - Tuesday morning, the Boone County Fire Protection District responded to a residential house fire on North Boothe Lane.... More >>
8 hours ago Tuesday, March 19 2019 Mar 19, 2019 Tuesday, March 19, 2019 7:18:00 AM CDT March 19, 2019 in News
PETTIS COUNTY - According to the Pettis County Sheriff's Office, escapee Travis Davis was arrested by Sedalia Police Tuesday morning.... More >>
9 hours ago Tuesday, March 19 2019 Mar 19, 2019 Tuesday, March 19, 2019 6:24:00 AM CDT March 19, 2019 in News
COLUMBIA - Law enforcement officials from around the state attended the annual Missouri Crisis Intervention Team (MCIT) conference in Columbia... More >>
14 hours ago Tuesday, March 19 2019 Mar 19, 2019 Tuesday, March 19, 2019 1:09:00 AM CDT March 19, 2019 in News
SUNRISE BEACH - Community members are helping the Branding Iron Restaurant and Saloon owners rebuild after a fire destroyed their... More >>
17 hours ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 10:27:00 PM CDT March 18, 2019 in News
COLUMBIA – Peaceworks and Beyond Nuclear will be hosting an event Tuesday night to talk about possible effects nuclear waste... More >>
19 hours ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 8:29:00 PM CDT March 18, 2019 in News
COLUMBIA – Incumbent Mayor Brian Treece and his opponent Chris Kelly have been squaring off over money in advance of... More >>
21 hours ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 6:34:00 PM CDT March 18, 2019 in Target 8
COLUMBIA - The City Council authorized construction to relocate a portion of Route H to allow for the extension of... More >>
22 hours ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 5:04:00 PM CDT March 18, 2019 in News
JEFFERSON CITY - A priest at the Immaculate Conception Catholic Church in Jefferson City has been removed after accusations that... More >>
22 hours ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 4:58:00 PM CDT March 18, 2019 in News
GLASGOW - Flooding has begun in the Missouri River from runoff of water in neighboring states. The midwest snow... More >>
1 day ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 3:26:00 PM CDT March 18, 2019 in News
COLUMBIA - Court documents allege Kyle McClain of Moberly fraudulently sold insurance plans to clients of the Central Pantry under... More >>
1 day ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 2:56:00 PM CDT March 18, 2019 in News
PETTIS CO. - The Pettis County Sheriff's Department is saying escaped fugitive Travis Davis is back in mid-Missouri. Pettis... More >>
1 day ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 12:28:00 PM CDT March 18, 2019 in News
CALLAWAY COUNTY - Carl DeBrodie's family continues to call for justice two years after their loved one's death. On... More >>
1 day ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 11:51:00 AM CDT March 18, 2019 in News
ST. LOUIS (AP) — St. Louis police are investigating several shooting scenes after an unusually violent day, even for... More >>
1 day ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 10:40:00 AM CDT March 18, 2019 in News
KANSAS CITY, Mo. (AP) — Hundreds of homes have flooded in several Midwestern states after rivers breached at least... More >>
1 day ago Monday, March 18 2019 Mar 18, 2019 Monday, March 18, 2019 9:13:00 AM CDT March 18, 2019 in News
Columbia, MO
Broken Clouds 52°
4pm 51°
5pm 53°
6pm 53°
7pm 52°