Gas prices jump but still cheaper than this time last year
Photographer: WXYZ
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 07/09/2012
(WXYZ) - Last week’s heat-wave not only cooked the metro area, it also may be partially to blame for a spike in gas prices.
The statewide average is now at $3.52 a gallon.
The good news is -- gas is still a lot cheaper now than it was a year ago. Gas is cheaper by almost 24 cents year over year.
There’s a few reasons for the recent jump in prices - geo-political issues, specifically some political problems in Iran - and locally - apparently oil refineries don’t like the heat and that’s why gas is up on average in the state by 12 cents a gallon.
As far as Labor Day is concerned, experts are hoping that prices are not going to jump too high.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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