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Gas price watch: Price jumps 20 cents per gallon Tuesday

Thursday, December 2, 2010

Gas prices jumped more than 20 cents per gallon in Marshall Tuesday, Nov. 30.
(Eric Crump/Democrat-News)
Marshall gas prices spiked up to $2.79 a gallon Tuesday along with prices across the state.

However, when other prices, such as in Warrensburg, quickly dropped back to $2.59 a gallon, Marshall remains at the top of the list, tied for the third highest gasoline price in the state according to Missourigasprice.com.

Patrick DeHaan, a senior petroleum analyst with Gasbuddy.com, said the pain will continue through Christmas.

Historical chart of national average gas prices adjusted for today's dollars. Data is from the Department of Energy's weekly survey. Most recent date available is Nov. 8.
(Contributed image)
Gas prices will climb again within days, DeHaan said.

"We could easily see another increase sometime late this week or early next week. Prices will trend higher through Christmas," he said.

On Wednesday morning, DeHaan said oil prices climbed $1.50 per barrel to $85 per barrel. That increase will echo down through to wholesalers and result in higher gas prices by the end of the week.

The coming increase is on top of a 20-cent-per-gallon increase Marshall consumers saw Tuesday.

The pain at the pump is not localized to Missouri. DeHaan said a lot of areas of the midwest saw the increase.

"Demand for oil and gas products continues to increase," he said. "People are out making trips more. Black Friday sales were higher than expected. People are out more and spending more. We have a lot of news that is adding pressure to the oil prices. A lot of it has to do with optimism on the economy than traditional supply and demand."

The national average has increased 5 cents per gallon during the last month and is 22.6 cents per gallon higher than last year.

Contact Pat Nolan at pnolan@marshallnews.com

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the gasoline market is a dead industry. we have all the tech to run our machines on nearly any combustable liquid. I know the local farming community would love the extra buisness that ethanol cars would bring back to our country instead of sending it to the the longest lasting zone of conflict in modern history.(remember the first cars ever were designed to run on alcohol) I predict that if our country can break its oil addiction and the ethanol plants can get the darn water out of their product the United States could once again become a world super power instead of an over fed, sick, and dying Giant.

-- Posted by BigFatGuy on Wed, Dec 8, 2010, at 2:56 PM

Everything going UP


my paycheck---it has gone out.

-- Posted by CWilli on Fri, Dec 3, 2010, at 4:35 PM

For at least a month--Marshall had the loweset gas prices $2.59.

Boonville this morning was 2.69

Jeff City always has the highest gas prices --- 2.79 this AM

-- Posted by CWilli on Fri, Dec 3, 2010, at 4:33 PM

Missouri is lucky to still have some of the lowest gas prices in the nation...I paid $2.96/gallon yesterday when I filled up my truck up here in Wisconsin!

-- Posted by koeller77 on Fri, Dec 3, 2010, at 9:08 AM

the price increased $1.50 to $85?!?!?!?

-- Posted by speedfingers on Thu, Dec 2, 2010, at 2:25 PM
Response by Eric Crump/Editor:
I think that just means the price went from $83.50 to $85.

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