Gas prices jump and could continue to climb -, South Georgia News, Weather, Sports

Gas prices jump and could continue to climb

By Jennifer Emert - bio | email

ALBANY, GA (WALB) –  Here's another negative effect of the winter blast. The cold temperatures are partly to blame for a jump in gasoline prices.

According to AAA, the average price of regular unleaded in Albany is $2.57 a gallon Tuesday. That's up about 9-cents from a week ago. Woodall's owner Wright Woodall says the bitter cold gripping the entire country is pushing crude prices up because more crude oil is going toward home heating fuel.

"It's a derivative of crude and it has an affect on it and the holidays just ending, you know there's always a short term spike during Thanksgiving and Christmas kind of like the summer driving season when it comes along it inflates gasoline and crude as well," said Wright Woodall, Woodall's Owner.

Woodall says speculators are also driving up prices. He expects them to go a little higher before they level off or fall. This time last year in Albany, gas prices were more than a dollar lower than they are right now.

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