Gas prices 60 cents higher than last year - Spokane, North Idaho News & Weather KHQ.com

Gas prices 60 cents higher than last year

Posted: Updated:

NEW YORK - Crude oil prices in New York have broken through the $74-a-barrel level. And that means the pressure is on for rising gasoline prices.

Light, sweet crude for June delivery was up 36 cents to $74.05 a barrel on the New York Mercantile Exchange. That price is up more than six percent over the past week. Analysts say the price rise reflects escalating tensions surrounding Iran's nuclear program, as well as political unrest in big producer Nigeria.

The fear is that prices may continue to go up after word from the Energy Department this week that gasoline supplies had dropped over the previous week. AAZ says the national average for regular gasoline stands at $2.85 a gallon. That's up more than 60 cents from a year ago.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Man who confessed to Cheney pot shop murder provides information on two other cases

    Man who confessed to Cheney pot shop murder provides information on two other cases

    Tuesday, October 17 2017 9:15 PM EDT2017-10-18 01:15:17 GMT

    SPOKANE, Wash. - It's been roughly one month since a Cheney man was murdered, at random, as he ate lunch inside his car. Cameron Smith's body was recovered days after the fatal shooting. Donavon Culps provided a full confession to the killing, and now he's providing information that he says will solve two other Washington murders.

    >>

    SPOKANE, Wash. - It's been roughly one month since a Cheney man was murdered, at random, as he ate lunch inside his car. Cameron Smith's body was recovered days after the fatal shooting. Donavon Culps provided a full confession to the killing, and now he's providing information that he says will solve two other Washington murders.

    >>
  • PHOTOS: Detectives identify woman believed to have fraudulently withdrawn hundreds of dollars

    PHOTOS: Detectives identify woman believed to have fraudulently withdrawn hundreds of dollars

    Wednesday, October 18 2017 7:03 PM EDT2017-10-18 23:03:15 GMT

    SPOKANE, Wash. - UPDATE: Detectives have identified the woman in the above photos thanks to help from the public.

    >>

    SPOKANE, Wash. - UPDATE: Detectives have identified the woman in the above photos thanks to help from the public.

    >>
  • Idaho State Police ask for help identifying bicyclist killed in hit and run crash on I-90

    Wednesday, October 18 2017 7:36 AM EDT2017-10-18 11:36:54 GMT

    COEUR D'ALENE, Idaho - Idaho State Police are asking for help identifying a bicyclist killed in hit and run crash on I-90 late Tuesday evening. The crash occurred shortly before 10pm Tuesday on I-90 at milepost 15.5 in Coeur d'Alene. According to Idaho State Police, an unknown vehicle struck a person on a bicycle in the westbound lane of travel.

    >>

    COEUR D'ALENE, Idaho - Idaho State Police are asking for help identifying a bicyclist killed in hit and run crash on I-90 late Tuesday evening. The crash occurred shortly before 10pm Tuesday on I-90 at milepost 15.5 in Coeur d'Alene. According to Idaho State Police, an unknown vehicle struck a person on a bicycle in the westbound lane of travel.

    >>
HD DOPPLER 6i
/