Local Gas Price Watch: First Increase in Months

After staying at $.199/gallon for nearly 3 weeks, the gas prices at my local station saw first increase in months, back to above $2 again.

Last Friday, when I passed by the station that I always use to fill up my car, I noticed the price for one gallon regular gas was at $2.03, up four cents from the day before. To me, there isn't any valid argument for the increase as the crude oil price was still below $60 a barrel. And we don't have any natural disaster or damage to the oil facilities.

Will it be as some people speculated last month that the oil price would start to go up after the election? I certainly hope that's not the case, but who knows. It can come down so quickly with no apparent reason, it could go up rapidly before we realize it as well. 

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2 Responses to “Local Gas Price Watch: First Increase in Months”

  1. Flexo |  Nov 19, 2006 at 4:44 pm

    My station went from $1.999 to $2.019 overnight a few days ago.

  2. Sam |  Nov 20, 2006 at 2:22 am

    here at my gas station in the UK petrol is currently at £0.99 per litre. these prices have got to come down, perhaps the governement should lower their taxes on gas as this makes up the majority of the price.