Gas Prices Skyrocket; Up 55 Cents From Year Ago - Spokane, North Idaho News & Weather KHQ.com

Gas Prices Skyrocket; Up 55 Cents From Year Ago

>>CLICK HERE TO FIND THE CHEAPEST GAS NEAR YOU

(CNN) -- Gasoline prices have jumped another nickel, to 55 cents a gallon more than a year ago, according to a study published Sunday.

The average price for a gallon of regular is $3.18, the Lundberg Survey found. That's up 5 cents from two weeks ago, publisher Trilby Lundberg said.

"That is a significant bite for motorists considering the continued deep unemployment," Lundberg said.

And it comes amid a "very wide and deep glut of gasoline supply," she added.

The spike is partly due to events in the Middle East and north Africa, Lundberg said.

The most common benchmark for crude oil is West Texas Intermediate on the futures market. That crude is "glutted, in serious oversupply," she said. "But U.S. refiners use many other crudes, some of which have been jumping on Middle East tensions."

The gasoline glut has helped prevent prices from rising even more, she said.

Gas prices may rise another nickel or dime in the coming weeks, Lundberg said. "It would of course be far more if Middle East problems augmented and caused oil prices to skyrocket," she said.

Prices at the pump have risen 49 cents a gallon since late September.

The Lundberg Survey tallies average gas prices at thousands of gas stations nationwide.

Here are the latest average prices in some U.S. cities:

-Billings, Montana - $2.95

-San Francisco - $3.54

-Houston - $2.98

-St. Louis - $2.99

-Tulsa, Oklahoma - $3.01

-Baltimore - $3.09

-Atlanta - $3.11

-Boston - $3.21

-Las Vegas - $3.20

-Minneapolis - $3.18

  • Most Popular StoriesMost Popular StoriesMore>>

  • Can you prank your mom? 'The 25 pound turkey challenge'

    Can you prank your mom? 'The 25 pound turkey challenge'

    Wednesday, December 21 2016 2:36 PM EST2016-12-21 19:36:25 GMT

    KHQ.COM - Most mothers can only hope by the time their children grow up and move out of the house, they've learned all the necessary things to be a successful adult, including the basic knowledge that a turkey must be cooked in an oven, or perhaps in a smoker... NOT in a microwave. For this reason a new prank-challenge going around on Facebook is resulting in some hilarious text conversations between mothers and their grown children.

    >>

    KHQ.COM - Most mothers can only hope by the time their children grow up and move out of the house, they've learned all the necessary things to be a successful adult, including the basic knowledge that a turkey must be cooked in an oven, or perhaps in a smoker... NOT in a microwave. For this reason a new prank-challenge going around on Facebook is resulting in some hilarious text conversations between mothers and their grown children.

    >>
  • Spokane Police investigating death of man shot during sex

    Spokane Police investigating death of man shot during sex

    Wednesday, November 14 2018 8:45 PM EST2018-11-15 01:45:55 GMT

    SPOKANE, Wash. - Spokane Police are investigating the death of a man who reportedly shot himself in the head during sex. In a search warrant filed Nov. 8 in Spokane Superior Court, a detective wrote that around 2 a.m. on Nov. 4, police were called to a home in the 7800 block of North Morton Ave. after a woman said her partner shot himself in the head. 

    >>

    SPOKANE, Wash. - Spokane Police are investigating the death of a man who reportedly shot himself in the head during sex. In a search warrant filed Nov. 8 in Spokane Superior Court, a detective wrote that around 2 a.m. on Nov. 4, police were called to a home in the 7800 block of North Morton Ave. after a woman said her partner shot himself in the head. 

    >>
  • Couple, homeless man charged in charitable scam

    Couple, homeless man charged in charitable scam

    Thursday, November 15 2018 2:39 PM EST2018-11-15 19:39:47 GMT

    MOUNT HOLLY, N.J. - Authorities say a New Jersey couple and a homeless man made up a "feel good" story about the man helping them so they could raise money through an online fundraiser. Burlington County prosecutors outlined the allegations against Mark D'Amico, Katelyn McClure and Johnny Bobbitt on Thursday.

    >>

    MOUNT HOLLY, N.J. - Authorities say a New Jersey couple and a homeless man made up a "feel good" story about the man helping them so they could raise money through an online fundraiser. Burlington County prosecutors outlined the allegations against Mark D'Amico, Katelyn McClure and Johnny Bobbitt on Thursday.

    >>
HD DOPPLER 6i
/