Price Jumps At The Pump

Gasoline prices fell nationwide for the ninth day in a row on Tuesday, but here in the Lexington area, it's a different story.

We saw a big jump at the pump. Some stations went up some 25 cents, now at $3.75 a gallon.

A lot of people filling up Tuesday were quite simply shocked by the latest increase. Most we spoke with say they thought their pain at the pump was being relieved, but it appears not to be so.

The reason this is so surprising is that the price of crude oil is actually falling.

In fact, on Tuesday, the cost per barrel of crude for October delivery fell by $2, and the current price of $104 per barrel is the lowest since April.

Usually when the price per barrel goes up, the price at the pump goes up as well.

Crude oil has been falling since it hit a peak of $147 per barrel in July, and since forecasters are expecting Hurricane Ike to steer clear of major oil production, the increase in Lexington really should not be blamed on the current weather situation.

AAA says they expect these higher prices to be short lived in the bluegrass.

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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by eric Location: lexington on Sep 12, 2008 at 02:39 PM
    When you enter the voting booth in november,remember who your president was-a rich corporate shill who sat on his hands.Want 4 more years of this?McCain is your guy.
  • by Walter Location: Stearns on Sep 12, 2008 at 02:26 PM
    Well lets's another hurricane. Supplies are threatened. Lets raise prices. It's the time of year when gas blends change. Lets raise prices. The price of a barrel of oil has dropped drastically. Lets raise prices, no, wait a minute, does that last statement make any sense? Oh I suppose one excuse is as good as another. DRILL HERE...DRILL NOW.
  • by why Location: knox on Sep 12, 2008 at 02:21 PM
    Gas here is 3.99 at one store and quater of mile away it is 4.50 or another half mile away is 4.75 go figure.
  • by Anonymous on Sep 12, 2008 at 02:03 PM
  • by Rebecca Location: Pineville on Sep 12, 2008 at 12:33 PM
    Gas here is 4.20 for regular... this is crazy when a barrel of oil is just $100, it cost me almost $100 to fill my vechicle up today!!
  • by david Location: richmond on Sep 12, 2008 at 11:54 AM
    i just filled my tank. it's $3.85 all over town, and was $3.57 yesterday. i see 1 BP station at $3.85... and another BP station on the other side of the bridge at $3.99.....this is not price gouging? shame on the gas companies, and the presdent for letting thios go on, with their stories abut " hurricane problems". we ghad hurricanes before, and prices never jump like this. bush.... get out and pay the consequences. it is only to make youand gas companies richer, you should not be in office, and gas companies should be sued. it will al cme back to you in the end. i am pushing to fix this problem.
  • by steve on Sep 12, 2008 at 07:42 AM
    It sounds like the gas stations are hoodooing someone i am paying $3.65 in Irvine
  • by VL Location: Morehead on Sep 12, 2008 at 06:37 AM
    Gas stations are raising the prices of the gas that they already have in their storage tanks. They haven't gotten a new shipment. We sit here at our office and watch the gas station just above us change their prices all the time and they don't get a new shipment. This is truly gas gauging. I can understand better if they have gotten a new shipment and it cost them more but for they they have already gotten its ridiculous!!!!
  • by Fred Location: Lexington on Sep 12, 2008 at 04:51 AM
    I hereby declare that Paul from Lex has made the most sensible comment I've heard in a while. Attaboy Paul!
  • by jay Location: london on Sep 11, 2008 at 03:08 PM
    i think they need to check london and jackson co out the store in annville had gas for 3.75 sunday. london gas places is about 20 to 30 cents higher than corbin, barburville, and middelsville. so what is going on there i asked london and was told they get their gas out of the north. so i asked some in corbin and they told me the get it out of the south. so what is the differance. can you let us please.i live in london and i go to corbin to get my gas when im i think they are price gauging. some one said instead of fines they should have to have a day a week to the customers free gas. then see how they like it. and no limits on how much you can get. maybe then they would think twice before they do it agian. we work hard for our money and try the best we all can. the oil companys should not be allowed to charge those high prices.


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