Gas Price Pinch, By The Numbers

The price of gas usually goes up around the Memorial Day holiday, but this year drivers are seeing prices they never imagined.

With the price of crude oil rising each day, you can expect the cost to fill up to do the same. In fact, we're paying almost a dollar more for a gallon of gas than we were this time last year.

In the past 12 months, crude oil prices have doubled and drivers are in sticker shock. The national average at the gas pump is a record $3.81 a gallon, a 19% spike over last year.

According to our calculations, many are paying dearly. In 2007, gas in Lexington was $3.14 a gallon. With a mid-size tank, drivers were paying $43.96 a week to fill up, or about $2,285 a year.

Today, folks can expect to pay much more. A tank costs about 55 bucks or nearly $2,875 a year; that's if prices stay the same.

Experts say it is stopping people from traveling this Memorial Day weekend. For the first time in 6 years, fewer people are expected to hit the road.

Oil executives are being forced to answer some tough questions on capitol hill about the rising prices. They're appearing before Congress this week.

Crude hit a new all time high, 135 dollars a barrel, on Wednesday.

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  • by mad on May 26, 2008 at 09:48 AM
    what democrats it is under republican rule the gas has gone triple what it was its the greedy oil companys and our government causing the problem I cant go on vacaton becouse im need the money to get to work the rest of the year when the usa shuts down and the jobs are gone because you cant get to work or your company moves out due to the high operating cost caused by oil what are we going to do the bank still wants the house payment the landlord still wants his rent I guess we will have to move to a cardbord box
  • by Christina Location: Kentucky on May 26, 2008 at 08:41 AM
    This comment is to Teacher. I love it when people make fun of someone's spelling or typing, yet that person makes a mistake also. Since when is proffesor spelled like that, the last time I checked it was spelled professor. I can see how Ted maybe hit the "d" on accident, but you totally messed the word professor up.
  • by Larry Location: Lex on May 25, 2008 at 07:25 PM
    Did I hit a nerve there Working Poor from Winchester. You don't have to tell me about Florida; I was stationed there during my time in the military..all 22 years worth. I lived paycheck to paycheck protecting your sorry butt so don't give me any of your crap. So you've been there and done that at Disney well good for you. My kids haven't and that is why I'm going as well as seeing relatives. Sorry dude, but four grand will be plenty with some change to spare. Got a friend who works at the rental car place and got me a sweet deal. Yeah, I'm paying for gas like everyone else and who gives a rat's butt if I spend 100 bucks on food; at least I'm not drawing a govt paycheck for NOT working like a lot of other people. Where does your money come from or am I paying your bills as well with my taxes? Get a life and get a grip there Mr. Working Poor. I made my comment about giving to charity becuase I know someone would have brought it up. People like you kill me.
  • by Patricia Location: clay city on May 24, 2008 at 04:54 PM
    The gas prices are ridiculous. We as the American people have the right to fight these prices in some way. I mean don't we pay the Congress's pay checks. If it weren't for us they wouldn't be where they are. They have to listen to us and do as we say. We just need to stand up and tell them what they are going to do. The price of gas isn't the only thing going up. I mean come on you'd think all the cows died because of the price that milk costs these days. I have three kids and they drink alot of milk and eat alot since two of them are teenage boys. How in the he... do they expect poor people to live. If your not rich in this world your not going to make it. The people who sit in the seats of Congress don't have to worry about all that cause they get paid real good by us (all the taxpayers). It just makes me sick. They don't give a crap about the common man woman or child just themselves. And to Bill look what putting a republican in office has done to our economy. VOTE FOR HILLARY C.
  • by Teacher on May 24, 2008 at 04:17 PM
    Ted, you say have some fund. What is fund? Then you say don't listen to a fool. Are you a proffesor or what!
  • by Bill on May 24, 2008 at 04:19 AM
    Keep voting democratic fools,and the price of gas will be 10 bucks a gall.Pull your head out of your a--.
  • by Ted Location: Whitesbuirg on May 23, 2008 at 05:39 PM
    To Larry in Lexington, take your kids and have fund. Dont Listen to to a fool, enjoy your kids while they are around to have fun with.Looks like someone wants to spoil your fun, I took my kids on $3500 and had a great time. There are deals to be had there, Bush and the oil companies, and the Mexicans have brought this country to its knees, Forget about the working poor, the fools that the US government let in here, Go have fun and spend your money the way you want. Have a great weekend
  • by Working Poor Location: Winchester on May 23, 2008 at 09:23 AM
    Good for you Larry, you get to go to Florida. Hope your relatives live close to the park, as if you travel on 192, 535, I4, or any other road there after 8 am, 5 miles will take an hour on a good day. There goes more money for gas. $300-400 to get in Disney, parking-Oh,it is at least $7 for bottled water at the park (the water out of the random fountains is warm & tastes funny), one meal there will cost a family of 4 close to $100 (no coolers)for burgers/hot dogs and MAYBE fries & drink. Don't know what kind of vehicle you'll drive down with, but I would budget about $700 for your gas, turnpike tolls ($10 one way) emergencies (car overheats, flat tire, one of the kids gets sick). Have fun!! Bring lots of sun screen,it's well over 100 degrees on the pavement in the park. Nobody here asked you to give your money to the needy. Oh-how do I know about FL/Disney? Been there done that, lived in FL 10 yrs and you couldn't pay me to go back. You will find $4000 will not go far there at all.
  • by KAYE Location: WILLIAMSBURG,KY on May 23, 2008 at 08:56 AM
  • by Larry Location: Lex on May 23, 2008 at 06:15 AM
    I'll answer two comments: For "E in Southern KY" If you stop buying for a few days it will do NOTHING. They know you still need it and will still have to buy it eventually. Second...This is for Thomas in KY: I work two jobs and have been planning a vacation for a year now to Disney World so my kids can see it. I have put away $4,000 for this trip (yes I am driving but staying with relatives in Kissimminee FL). Please don't tell me I could give this money to charity or help some poor family since I give more than my fair share each year in contributions to various charities and work the soup kitchen as well). I didn't take a job away from anybody else by working this second job because nobody else wanted it. It's my choice, I am hurting nobody else financially and my kids will have memories for a lifetime.
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