Gas price increases past $3 a gallon - WALB.com, Albany News, Weather, Sports

Gas price increases past $3 a gallon

Posted: Updated:

November 5, 2007

Albany -- Gasoline prices in South Georgia rose past the three dollar a gallon level at most stations Monday.

The BP Foodmart on Dawson Road increased their cost from $2.95 a gallon for regular to a fraction more than $3 a gallon about one o-clock. Their higher octaine fuel went up to 3 dollars and ten cents per gallon.

 The store owner said his cost from the supplier went up Friday, but he held off increasing his prices until after the weekend.

The price increase is not welcome news for people who drive their own vehicles for work, like Brandy Cole. Cole said  "it kind of hit me as a shock."You drive around a lot, what does it mean to you when gas is three dollars a gallon? "it cuts into my pay, it really does. We provide our gas, and it cuts into our profits a lot."

Robin Wilson, from North Dakota, said gasoline has been over three dollars a gallon for months in his home state, so he thought the gas prices here were relatively low.

 Gas speculation on the stock market is one of the reasons for the fast price increase at the pumps, along with the increasing price of crude oil.

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