Gas Prices Expected to Increase In Next Few Weeks
COLUMBIA - Oil prices are sharply rising, which means higher gas prices could be on their way to mid-Missouri. Gas prices are expected to increase 10 to 30 cents per gallon in the next few weeks, according to NBC News. Tensions in Egypt, a rise in crude oil prices and a decline in oil inventory are all contributing factors to the predicted price hike.
A Columbia driver Bob Koepp said the increasing gas prices have an impact on his lawn mowing industry.
"In my business, it devastates us because with all the heat and gas prices it actually cuts into our profits," said Koepp.
NBC reports the current average price for a gallon of gas in the U.S. is $3.51. The average price per gallon for Missouri is $3.389 and Columbia stands at $3.29, according to missourigasprices.com.
Other local motorists said on Thursday they think the gas prices are ridiculous and think changes should be made to help the current oil situation.