Pain at the Pumps
Local gas prices shooting up this week
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Although local gas prices did not increase prior to or during the Memorial Day holiday, they took a sharp upturn on Sunday.
ELKINS -- On Sunday many local motorists experienced a sinking feeling as they realized that gasoline prices had gone up at gas stations across Randolph County, in some cases by more than 30 cents per gallon.
The average price for gasoline across northern West Virginia is seven cents higher this week at $3.42 per gallon, according to AAA East Central's Gas Price Report.
In the Elkins area, however, several stations which were selling a gallon of regular unleaded gas for about $3.12 per gallon on Saturday jumped to offering the same gas Sunday for more than $3.40.
A roundup of Elkins gas prices (for a gallon of regular unleaded) on Tuesday included:
$3.39 at Speedway on the Beverly Five-lane; $3.39 at WalMart; $3.42 at Colonial Court; $3.42 at Kroger; $3.42 at Sheetz; and $3.42 at Speedway on Harrison Avenue;
$3.43 at GoMart on the Beverly Five-lane; $3.43 at Par Mar on the Beverly Five-lane; and $3.43 at GoMart on Railroad Avenue;
And $3.49 at Par Mar on East 33.
The following is a list of the average gas prices in several other West Virginia locations, according to AAA:
• $3.459 – Bridgeport;
• $3.426 – Clarksburg;
• $3.393 – Morgantown;
• $3.502 – Martinsburg;
• $3.451 – Huntington;
• $3.437 – Parkersburg;
• $3.362 – Weirton; and
• $3.333 – Wheeling.
Over the weekend, Saudi Arabia announced it will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push oil higher.
The slump in oil prices has helped U.S. drivers fill their tanks more cheaply and gave consumers worldwide some relief from inflation.
Many experts are now concerned that U.S. gas prices will increase due to Saudi Arabia's move.