Chitika

Monday, July 11, 2011

gas prices are going up

Oil and gas prices are on the upswing, with some suggestions that we could see $5 a gallon gas by the summer. Sound familiar? Midmorning looks at what's behind the increase, and examines whether anything has changed since the last spike in oil prices.

As some local gas stations around the Twin Cities are charging about $3.70 for a gallon of gas, the prices aren’t going down anytime soon. Average retail gasoline prices in Washington have risen 4.9 cents per gallon in the past week. That’s from Washington Gasprices.com. Triple-A Washington reports the average price across the state has climbed to nearly $3.66 a gallon.

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