Gas Prices on the Rise

by Brittany Harris on February 28, 2011 at 5:29 am

Ohio gas prices have shot up nearly 30 cents in the last week.

A survey from Auto Club AAA, the Oil Price Information Service, and Wright Express puts the state’s average price for regular-grade gasoline at about $3.38 from $3.09 last Monday.

WHIZ spoke to some area residents who expressed their concerns.

"The prices are rising too much, too fast and I fear as long as the way things remain in the middle east, they’re just going to get worse," said Alice Maxwell.

Analysts said it’s likely pump prices will go even higher as the unrest in the middle east and North Africa raises questions about the stability of oil supplies.

"Up and down, up and down, everything that’s happening in the middle east I guess Kadafi is looking at burning his oil fields, so we’re looking at five dollars a gallon," said Darin Childers.

Gasoline nationwide rose 4% last week to an average $3.29 per gallon that’s the highest level ever for this time of year, when prices are typically low.