Posted by Mike Dever - email
Update: Most gas stations in Louisville and southern Indiana had raised prices to as high as $3.60 per gallon.
LOUISVILLE, KY (WAVE) - Gas prices, which have risen more than 30 cents in the past three weeks, could soon be rising again as soon as today at many stations in Kentuckiana, according to text alerts from two major chains.
According to a text alert from Meijer, their supermarkets with fueling stations will raise prices by 1:30 p.m. today.
A text alert from Thorntons says their gas prices will also be going up again today, although in the past some stations have waited until 8 p.m. to raise prices.
And an alert from gasbuddy.com spelled out the bad news: says prices could range from $3.59 to $3.65.
"The rise in gasoline prices is due to various risk factors," said GasBuddy Senior Petroleum Analyst, Patrick DeHaan. "It's increasingly risky and unreliable getting oil out of some countries of the Middle East and traders are speculating that the situation may get worse, which unfortunately is driving up prices already today," he said. $3.40/g
On the morning of Feb. 22, the average price for a gallon of unleaded gas in most part of Kentuckiana was about $3.08 before it jumped to $3.36 by nightfall - and then rose as high as $3.49 a gallon at many stations in the following days.
Thursday's price hikes come on the heels of news that oil dropped by $1.20 a barrel on the New York Stock Exchange to $103.18 per barrel - and just before noon on March 10, crude was down to $101 after nearing $107 earlier in the week according to information from the Associated Press.
During a news conference to discuss gas prices Thursday morning, U.S. Senate Republican Mitch McConnell says President Obama's administration have had a direct effect on rising gas prices.
"Americans looking at the price of gas at the pump these days are justifiably upset," McConnell said. "What they may not realize is that some in the Administration are actively working to prevent us from increasing our own oil production here at home."
McConnell went on to list what he feels are the direct causes for the current energy crisis in America.
"The Administration started by canceling oil and gas leases for domestic exploration. Immediately after taking office, the Secretary of the Interior, Ken Salazar, canceled 77 oil and gas leases in the state of Utah," McConnell said. "One year later, the Administration suspended 61 more leases, this time in Montana. Shortly after canceling the Utah leases, Secretary Salazar extended the public comment period for new offshore drilling by another six months, dragging an already-lengthy process out even further.
"Then, immediately after the Gulf oil spill began last April, the Administration imposed a six-month moratorium on offshore drilling in the Gulf even as it canceled energy exploration that was set to take place thousands of miles away in the Arctic Ocean. Two federal courts on three separate occasions have declared the moratorium in the Gulf unjust."
McConnell continued by saying that the Administration has blocked oil exploration at home, leading to higher prices at the pump as well as keeping people out of work who could be working on harvesting known energy sources in places like Alaska.