CONSUMER ALERT: More Drivers Than Ever May Pay $5 Per Gallon - Spokane, North Idaho News & Weather KHQ.com

CONSUMER ALERT: More Drivers Than Ever May Pay $5 Per Gallon

USATODAY.COM - More drivers than ever could soon be paying $5 for a gallon of gasoline. And the national average, up sharply in recent weeks, is likely to top out at about $4.

Rising oil prices, lower refining capacity, Middle East tension and speculators are propelling prices. The spike in crude, now at nine-month highs, has driven regular gas to a record February high of $3.65 a gallon — up 42 cents over a year ago.

Motorists along both coasts are paying more: an average $4.20 in California and $3.91 a gallon in New York. Prices along both coasts and other regions could continue to climb far higher. Fallout from a recent fire that's shuttered a major Washington state refinery could push regional prices up to 20 cents a gallon this weekend. says Patrick DeHaan, an analyst with price tracker gasbuddy.com.

Taxes, shipping and regional formulations make gas even pricier in some regions.

Florida drivers are paying $5.89 a gallon near Disney World, while gas at some Chicago, San Francisco and Los Angeles stations is up to $4.85.

"I don't foresee any situation — even a worsening crisis in Iran — that results in $5 a gallon gas nationally," said Patrick DeHaan of price-tracker gasbuddy.com. "You're going to see hot spots … that push prices towards $5, but the national range will be $3.75 to $4.15." We don't see a scenario for a national average higher than that for any length of time."

Typically, prices climb through Memorial Day. Increased pain at the pump is already heightening fears that consumer spending will slow, derailing the economic recovery. Prices hit a record $4.11 a gallon in July 2008 and peaked last year at about $3.98.

Hoping to ease griping over a hot button issue in an election year, President Obama said Thursday that there are no quick, easy fixes and ridiculed any Republican plan for "$2 gas."  click here to read the full article

  • Most Popular StoriesMost Popular StoriesMore>>

  • Coeur d’ Alene woman dies after driving car into Fernan Lake

    Coeur d’ Alene woman dies after driving car into Fernan Lake

    Monday, April 23 2018 1:41 PM EDT2018-04-23 17:41:13 GMT

    On Sunday at about 3:22 p.m., the Kootenai County Sheriff’s 911 Center received multiple calls after a car crashed into Fernan Lake, just east of Coeur d' Alene. The Kootenai County Sheriff’s Office, Kootenai County Fire & Rescue and Kootenai County EMS responded to the 4800 Block of E. Fernan Lake Road. Emergency Public Safety Divers from the Kootenai County Sheriff’s Office Dive Rescue Team were paged to the scene and about 27 minutes after the first 911 call,...

    >>

    On Sunday at about 3:22 p.m., the Kootenai County Sheriff’s 911 Center received multiple calls after a car crashed into Fernan Lake, just east of Coeur d' Alene. The Kootenai County Sheriff’s Office, Kootenai County Fire & Rescue and Kootenai County EMS responded to the 4800 Block of E. Fernan Lake Road. Emergency Public Safety Divers from the Kootenai County Sheriff’s Office Dive Rescue Team were paged to the scene and about 27 minutes after the first 911 call,...

    >>
  • Spokane Japanese restaurant destroyed in early morning fire

    Spokane Japanese restaurant destroyed in early morning fire

    Sunday, April 22 2018 8:21 PM EDT2018-04-23 00:21:59 GMT

    SPOKANE, Wash. - Update: Spokane firefighters say the iconic Shogun restaurant on E. 3rd Ave. appears to be a total loss after an early morning fire destroyed the building. First arriving companies found heavy fire coming through the roof of the Shogun Restaurant and immediately began to attack the fire. Despite attempts to enter the building, they were quickly forced out due to deteriorating conditions above them.

    >>

    SPOKANE, Wash. - Update: Spokane firefighters say the iconic Shogun restaurant on E. 3rd Ave. appears to be a total loss after an early morning fire destroyed the building. First arriving companies found heavy fire coming through the roof of the Shogun Restaurant and immediately began to attack the fire. Despite attempts to enter the building, they were quickly forced out due to deteriorating conditions above them.

    >>
  • 9-year-old boy dies in ATV crash near Boulder

    9-year-old boy dies in ATV crash near Boulder

    Monday, April 23 2018 10:54 AM EDT2018-04-23 14:54:28 GMT

    HELENA, Mont. (AP) - A 9-year-old boy died in an all-terrain vehicle crash on a rural road north of Boulder over the weekend.   The Montana Highway Patrol says the ATV went off Sloans Lane early Sunday afternoon and tipped onto its side. The boy was thrown from the vehicle and died at the scene.   His name has not been released.

    >>

    HELENA, Mont. (AP) - A 9-year-old boy died in an all-terrain vehicle crash on a rural road north of Boulder over the weekend.   The Montana Highway Patrol says the ATV went off Sloans Lane early Sunday afternoon and tipped onto its side. The boy was thrown from the vehicle and died at the scene.   His name has not been released.

    >>
HD DOPPLER 6i
/