Gas price jump
Wed, 25 Mar 2009 02:45:34 GMT — Quincy, IL -
You may have noticed a big jump in gas prices Tuesday, depending on where you live.
For example, in Quincy Tuesday morning, unleaded was at $1.99 a gallon.
By the afternoon, it had jumped to $2.19.
KHQA spoke with Jeremy Dyer with County Market Express in Quincy.
He told us there could be several reason for the jump.
He said last week, Quincy was some of the cheapest gas in the state.
Dyer told us his stores held the line on the price hoping oil prices would fall, but they didn't so that's why gas jumped Tuesday.
We did some other checking of gas prices.
Hannibal was sitting at $1.95.
West Quincy was at $2.09
Keokuk is up from yesterday to $1.82.
Something interesting though, nationwide, gas prices actually dropped a penny.
The national average is now $1.95.
But that may soon change if the government prints more money.
That's because it could cause inflation.
When that happens, people typically buy more commodities like gold and oil.
That could raise the price of oil, and subsequently gas prices.
Another thing that might contribute to the problem, during the month of March, gas suppliers start switching from a winter blend to a summer blend.
Summer blend is usually more expensive.
But to end on a good note, gas prices a year ago were well over $3.00 a gallon.