Gas price hike causes people to cut back
PADUCAH, Ky.— The price of gas jumped 17 cents in just the past week. making Tuesday's price about four cents higher than what we paid this time last year.
According to AAA, the national average for a gallon of regular unleaded sits at $3.53. The organization reported rising oil prices, refinery issues, and preparations for the switch over to summer fuel blends as the reason for the price increase. Of the four states in our area, Illinois has the highest price at an average of $3.70, and Tennessee is selling gas the cheapest, at $3.31 a gallon.
With families spending an estimated eight percent of their now smaller income on gas, every penny spent at the pump means cut backs some place else. Doug Knott was filling up his tank and said, "That means there's other things you can't do when you have to spend that kind of money, especially if you have to use your car to go to work and drive it a great distance."
Knott and other people filling up across Kentucky, Illinois, and Missouri are paying the highest average prices for gas on record for February 5th.
Tommy Harrison didn't fill his tank all the way up. He said, "Instead of getting 20, I'm getting 15, so I cut back a little bit here and hopefully that will get me where I need to go."
Petroleum analysts expect gas prices to continue their climb for a few days before slowly tapering off by the end of the week.