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Updated: 6:26 PM Sep 12, 2008
Gas Prices In Kentucky Hit $4.69
The concern over Hurricane Ike is prompting a spike in gas prices. Posted: 8:30 AM Sep 12, 2008 |
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It's a shock at the pump, an "Ike Spike" a lot of drivers didn't expect. Gas prices hit a record high in parts of Kentucky on Friday, close to 5 dollars a gallon.
Analysts say the hurricane is to blame.
Gas in western Kentucky jumped a dollar late Thursday night, up to $4.69 a gallon. That had people waiting in long lines in Bowling Green at the few stations that haven't made the price change yet.
It's a similar scene in Lexington where prices are increasing today and people are trying to beat them. Many stations were selling for $3.72 on Friday morning.
Some regional gas stations have run out of gas.
That's the situation in Knoxville, Tennessee. Several stations there are either running out of, or limiting customers to 10 gallon purchases.
The soaring prices came on the same day as the price of crude oil dipped beneath the $100 mark for the first time in five months
Exxon Mobil Corp., Valero Energy Corp., Conoco-Phillips and Marathon Oil are among the companies that have stopped refinery operations on the Texas coast.
Latest Comments
I made a prediction to friends in April that gas prices would hit $7 a gallon in October...well, it's getting there ! I took some of the stimulus check the Federal government gave us and bought a niffty bicycle. At least, I can peddle my way around. You gotta remember how to play 'dodge ball' when it comes to living today. In my humble opinion, it is only going to get worse. Don't overextend yourself by trying to "keep up with the Jones"....they may just be living on credit, too.
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i think that all they are doing is gas gouging. i think that it is not far to the community that we have to pay these high gas prices for nothing. i think that the gas stations that are taking advantage of the situation should be fined or some disciplinary actions should be taken. the people of this community are barely making it from pay check to pay check. the gas prices are not helping our situation.
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You know what the difference between a Democrat and Republician....nothing when it comes to $$$$$
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