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Posted: Monday, 03 September 2012 11:26PM

Record High Gas Prices Recorded This Labor Day



     WICHITA, Kan.  -  Wichita drivers experienced high gas prices this Labor Day Weekend.  In fact, gas prices were actually record breaking. 
     Labor Day 2010, the average price of gas in Wichita was $2.55 a gallon.  Last year it was $3.60 and this year the average price of gas is $3.75 a gallon making it a record for the holiday; not just in Wichita but across the nation.
     Gas prices across the nation were also at a record high this Labor Day.  Just this month, gas in Kansas jumped up nearly 30 cents a gallon.  According to AAA, there are three main reasons for the spike in prices.  First, crude oil costs are up.  There's some supply problems in the Midwest and West Coast, and a few refineries on the Gulf Coast closed before Hurricane Issac.  Those factors added together, means drivers spent more on gas this Labor Day - than any other before.
     A spokesman for AAA says they expect to see gas prices drop over the next few weeks because refineries will start making less expensive winter blend fuels.  Also, demand should decrease, because it's the end of the summer driving season.   

KAKE News
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Locations : KansasWest CoastWichita
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09/03/2012 11:27PM
Record High Gas Prices Recorded This Labor Day
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