Gas prices on the way back up, especially in Albany - WALB.com, Albany News, Weather, Sports

Gas prices on the way back up, especially in Albany

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By Dawn Hobby - bio | email

September 11, 2008

ALBANY, GA (WALB) - One gas station owner says it's because there's a gas shortage.

The price of regular jumped to $3.90 Thursday afternoon at Stocks Shell station on Philema Road.

Owner Steve Stocks says his supplier recommended he raise the price because recent hurricanes disrupted crude oil shipments to refineries in Texas and Louisiana.

Stocks says he went up on the price to help conserve what little bit of fuel he has. "They tell me there's none coming in to Albany and if I'd kept selling at the rate I normally sell, I would have run out by Saturday or Sunday."

Stocks says he received one third of a load Wednesday night. He says raising the price did have the desired effect. Business is down.

The prices went up at other stations around town. Woodall's jumped 13 cents a gallon at lunchtime Thursday.

The wholesale price for gasoline produced on the Gulf Coast jumped about 30% on the spot market today as Ike churned toward Texas and its massive petroleum refining infrastructure.

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