Gas prices continue to climb as more people continue to travel
LA CROSSE, Wis. (WKBT)- “Outrageous,” said one La Crosse truck driver.
According to the American Automobile Association, gas prices is at their highest since 2014.
“With the truck, it’s at least a hundred dollars a fill,” said the truck driver.
And Triple-A says its because demand is high
“As the pandemic begins to recede, travel restrictions both domestically and internationally, begin to lift, there’s just increase demand for oil products, both here at home and across the globe,” Said AAA Wisconsin spokesman, Nick Jarmusz.
More people are traveling, but there is more that goes into raising gas prices.
“It’s not just recreational transportation, it’s not just personal transportation. It’s an increase in shipping and all other business-related transportation that’s all pulling from those same sources of oil,” said Jarmusz.
The demand for gas doesn’t seem to be going away any time soon,
“For right now, we don’t anticipate prices to go down anytime soon. In fact, we do believe we have not reached the ceiling in terms of where they’re going to go,” said Jarmusz.
Triple-A says that prices could rise another 20 to 30 cents before the end of the year.
However, that’s not expected to lower demand.
“Still got to go to work, still got to pay it,” said a La Crosse man.
During the pandemic, demand for gas and oil was low, leading to low prices, but prices have gone up 40% since the month of January.
“It has been a pretty steady increase. There was a significant jump in February when we say that bad winter storms knock out a lot of that refining capacity down in texas. That created a ripple effect across the oil market that sort of pushed prices up higher,” said Jarmusz
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