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A man pumps gas at a Chevron gas station in San Francisco, Tuesday, Aug. 7, 2012. A major fire at one of the country's biggest oil refineries  will help trigger a rise in oil and gas prices in California and elsewhere on the West Coast, analysts say. Thefire, which sent plumes of black smoke over the San Francisco Bay area and scores of people to hospitals with breathing problems, erupted Monday evening in the massive Chevron refinery in this city about 10 miles northeast of San Francisco. Pump prices in

Why Are Gas Prices Rising?



Buffalo, NY (WBEN) If you think the price of gas has been creeping up since July 1st, you're right. The price of an average gallon has jumped 31 cents in the last six weeks or so.

A big reason is the jump in the price of crude oil. "Those hit a three month just this week, so a lot of it has to do with economic data and supplay and demand concerns," says Steve Pacer of AAA of Western and Central NY.

It's unusual to see a summertime increase in gas prices. "Historically, July and August are the times of the year where if they don't drop, they at least stay the same," explains Pacer. "July's price increase was the highest since 2000."

Pacer says it's not impacting driving habits. "I think people are used to seeing prices creep up into the high three dollar range, so people know how to handle this," believes Pacer.
 

He says there is some hope that gas prices will come down, but not until after the Labor Day holiday.

Filed Under :  
Locations : Buffalo
People : Steve Pacer
08/10/2012 5:33PM
Why Are Gas Prices Rising?
Please enter your comments below.
08/13/2012 7:53AM
Rising again?
It seems as though gas prices had fallen since their previous highs, but we didn't hear about that on WBEN for some odd reason.
08/13/2012 8:52AM
When you live in New Lib
What was forgotten and not mensioned was, the over amount of taxes in the price of gas to support all liberal obama/blumeburge programs in the state of New Liberal. Also i'm glad i dont smoke, 10$ for a pack of smokes(how much of that is New LIberal State taxes) and of course isnt WNY one of the highest taxed areas in the USA, and the 2nd poorest city(Buffalo) within it ( with a one of highest rate of unemployment) due to high taxes that part wasnt mensioned.... vote more dems in and their liberal socialist programs and watch gas and sales tax go up more, now im going to get a big gulp, no wait... im going to get a 16 oz of pop, im glad the dems tell me how to live.
08/13/2012 4:52PM
RE When you live in New Lib
Then move to a red state where the parasites live off the taxpayer.
08/13/2012 8:14PM
drop the taxes at the pump
They should do away with the taxes at the pump and make up for it by taxing the overly bloated profits of the oil industry.Nobody ever thinks of the high hidden taxes that a family earning $50,000(figure in school,property,sales tax,fuel highway tax income social security fica phone cable and utility taxes)puts you close to 50% tax rate and nothing left over to save because your just surviving.Where as some one earning billions in profit like oil companies pay less than 15% if any at all.I would rather see them pay more than me having to cover their taxes even if the price remains the same at the pump.
08/14/2012 3:19PM
WNY Gas prices
WNY Gas prices are always higher and no one has a real reason why.Government has been investigating for years with no answers.We just suck it up and pay.
08/15/2012 7:34AM
New Lib
The state of New Lib is parasite state, or havent you notice nyc, and buffalo... of course not... higest tax state, second poorest city...well done libs, well done
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