Gas prices rise as Irene nears coast - WALB.com, Albany News, Weather, Sports

Gas prices rise as Irene nears coast

Posted: Updated:
  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Bombings kills 13 in Iraq

    Bombings kills 13 in Iraq

    Bombings kills 13 in Iraq

    Saturday, August 30 2014 12:00 PM EDT2014-08-30 16:00:13 GMT
     Iraqi forces are battling suicide bombers and brutal Islamic State terrorists in Iraq. (Source: CNN) Iraqi forces are battling suicide bombers and brutal Islamic State terrorists in Iraq. (Source: CNN)
    Two bombings targeting the Iraqi military killed 13 people, including six soldiers, south of Baghdad on Saturday.More >>
    Two bombings targeting the Iraqi military killed 13 people, including six soldiers, south of Baghdad on Saturday.More >>
  • Camilla police investigating Friday night shooting

    Camilla police investigating Friday night shooting

    Camilla police investigating Friday night shooting

    Saturday, August 30 2014 11:33 AM EDT2014-08-30 15:33:35 GMT
    (Source:MGN Online)(Source:MGN Online)
    Camilla police are investigating a shooting that happened Friday night.More >>
    Camilla police are investigating a shooting that happened Friday night.More >>
  • Liberian Ebola survivor praises experimental drug

    Liberian Ebola survivor praises experimental drug

    Liberian Ebola survivor praises experimental drug

    Saturday, August 30 2014 11:00 AM EDT2014-08-30 15:00:11 GMT
    Healthcare workers help treat Liberians in an effort to combat an outbreak of Ebola. (Source: CNN)Healthcare workers help treat Liberians in an effort to combat an outbreak of Ebola. (Source: CNN)
    A Liberian health worker who recovered from Ebola after receiving an experimental drug urged the manufacturer to speed up its production.More >>
    A Liberian health worker who recovered from Ebola after receiving an experimental drug urged the manufacturer to speed up its production.More >>

As we prepare for Hurricane Irene to pound the East coast, those preparations may affect us at the pump.

Oil refineries along the coast shut down in preparation for Irene.

Which will likely result in higher gas prices.

"It's more money gimmicks. That's how I feel. It's ridiculous I'm paying over three dollars and something for a gallon of gas when four or five years ago we were pretty close to two bucks. I remember when gas was 90 cents a gallon," said driver Jared Wilds.

Jared Wilds paid $85 to fill up his Suburban and when he heard news of prices climbing again, he was frustrated.

"It's all money gimmicks man, that's really all it is. That's all they want but I understand we got to have gas as a way of living," said Wilds.

Darton College Economist Aaron Johnson says the US has seen this type of behavior before and he calls it a "self fulfilling prophecy".

"We've seen through previous patterns that, typically, gas prices rise significantly after a natural disaster. So what ends up happening is everybody starts going out and buying gasoline right away and they run out of capacity which just makes the problem even worse," said Johnson.

Driver Lillie Thomas says gas prices are already taking a toll on the working class and the increase certainly won't help the situation.

"It's a burden on people. It's a headache. Some people work from paycheck to paycheck, so that's why I'm saying it's a burden," said Thomas.

So while many of us may not feel the direct impact of Irene, we may feel the effects.

The record average price for gas in Albany reached $4.30 in September 2008 after the Gulf Coast took back to back hits from Hurricanes Gustav and Ike.

Some airlines are preparing for Hurricane Irene by allowing passengers to change their plans without penalty if they're traveling to areas that could be impacted by the storm.

 

Copyright 2011 WALB.  All rights reserved.