You think gas prices are high now...? - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

You think gas prices are high now...?

Gas prices jumped in Cape Girardeau, Mo. Tuesday morning. Gas prices jumped in Cape Girardeau, Mo. Tuesday morning.

At least one expert believes gas prices are not through rising.

GasBuddy.com analysts believe there is a likelihood of another sharp rise in gasoline prices in the next few days and through the weekend.

The Senior Petroleum analyst from GasBuddy.com, Patrick DeHaan says "I expect stations to have increased prices as much as 10-35 cents per gallon by the conclusion of the weekend with some stations starting to raise prices immediately."

DeHaan warns that Tropical Storm Isaac, as well as murky regional refining issues boosted wholesale gasoline prices to their highest level so far this year, rising 7-cents per gallon higher than their previous peak back in March.

Wholesale gasoline prices, which is the price stations pay for new shipments of gasoline, rose 35-cents per gallon yesterday, the largest one day increase in a year. While this situation is a significant pinch for motorists, it is temporary.

"I expect the situation to slowly resolve itself over the next few weeks, but as gasoline prices tend to fall slowly, motorists may not have a sense of real relief until late-September," DeHaan said.

See the lowest gas prices in the Heartland: kfvs12.com/gasprices.

A quick survey of gas prices in Cape Girardeau Tuesday afternoon.

  • Kidds, Broadway - $3.52
  • AmeriMart, Kingshighway - $3.52
  • Mobil, Kingshighway - $3.52
  • Rhodes, N. Kingshighway - $3.69
  • Phillips 66, William - $3.79
  • Shell Food Mart, William - $3.79
  • R & P Oil, Bloomfield - $3.49
  • Rhodes, S. Kingshighway - $3.69
  • Hucks, S. Kingshighway - $ 3.47
  • Rhodes, William St. - $3.69
  • Mobil, S. Sprigg - $3.52
  • Rhodes, S. Sprigg - $3.69
  • Jaspers, Morgan Oak - $3.69
  • Rhodes, N. Sprigg - $3.69

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