Gas Prices Spike Once Again
By: Kellie Bartoli
Updated: March 19, 2013
When the sun rose this morning...so did gas prices.
Across the Valley, some stations spiked as much as 30-cents.
There's a lot that goes in to figuring gasoline prices, and many of those factors aren't local.
The cost is market driven, based on oil prices and can be impacted by global events.
At the Sunoco in Pimento, what they are charged for a tanker of gasoline changes every day.
But the price you pay doesn't...so when there's a big fluctuation, it's adjusted to make up the difference.
"I sincerely wish they didn't do that. I wish that we saw the price change every day, along with what our cost does. But that's just not the way that the market works. Here locally, in general, they change once a week and so you get two or three of those 5 to 10-cent increases in a row, then you're going to see that 20, 30-cent jump," explains Curtis Bodine, owner of the Sunoco in Pimento.
He adds: "Please remember when you come in that the cashier and the people here have nothing to do with it. They have to pay for their gas just the same as you do. They don't have any control over that price. "I understand that it bites. It bites my wallet when you pay $60, $70 or $80 to fill up your tank. But unfortunately we are going to the same thing."
Here's another look at prices: If you have two cars with 15-gallon tanks, it will cost you about $9 more to fill them up today than it cost yesterday.
But at an average of $3.95 a gallon, it's still less than you paid a year ago today.
Across the Valley, some stations spiked as much as 30-cents.
There's a lot that goes in to figuring gasoline prices, and many of those factors aren't local.
The cost is market driven, based on oil prices and can be impacted by global events.
At the Sunoco in Pimento, what they are charged for a tanker of gasoline changes every day.
But the price you pay doesn't...so when there's a big fluctuation, it's adjusted to make up the difference.
"I sincerely wish they didn't do that. I wish that we saw the price change every day, along with what our cost does. But that's just not the way that the market works. Here locally, in general, they change once a week and so you get two or three of those 5 to 10-cent increases in a row, then you're going to see that 20, 30-cent jump," explains Curtis Bodine, owner of the Sunoco in Pimento.
He adds: "Please remember when you come in that the cashier and the people here have nothing to do with it. They have to pay for their gas just the same as you do. They don't have any control over that price. "I understand that it bites. It bites my wallet when you pay $60, $70 or $80 to fill up your tank. But unfortunately we are going to the same thing."
Here's another look at prices: If you have two cars with 15-gallon tanks, it will cost you about $9 more to fill them up today than it cost yesterday.
But at an average of $3.95 a gallon, it's still less than you paid a year ago today.
