Gas Prices Could Spike By Week's End

By: Janet Kim Email
By: Janet Kim Email

We may be feeling the effects of Hurricane Ike sooner than later.

AAA expects gas prices to spike by the end of the week as the storm moves towards the hundreds of oil rigs in the Gulf of Mexico.

Average gas prices here in Lexington are at its lowest since April. Prices are hovering under $3.50 at many gas stations in the area, some as low as $3.45 a gallon. But that could soon end.

However, an OPEC meeting on Tuesday and the uncertainty of Hurricane Ike's path could drive prices back up by the end of the week.

OPEC will meet Tuesday to determine whether or not to cut crude oil production.

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