eye-3-yellow-3d-2-new-logo philly_kyw_new philly_94wip_new 35h_cbssportsrad_philly philly_wpht_new
NOW LIVE: Eyewitness News

Local

Pain At The Pump: Experts Expect Gas Prices To Keep Rising

View Comments
(Credit: Kevork Djansezian/Getty Images)

(Credit: Kevork Djansezian/Getty Images)

Mike Dougherty Mike Dougherty
Mike is a general assignment reporter and editor for KYW Newsradio...
Read More

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

By Mike Dougherty

TRENTON, N.J. (CBS) – Many motorists are seeing sticker shock at the gas pump again.

We’ve been pretty fortunate this summer as gas prices have remained somewhat steady and lower than the past couple of years, but they spiked in the blink of an eye.

Michael Green, with AAA, says this is due in part to unrest in the Middle East.

“Gas prices are up about eight cents a gallon in the past week, but the big news is that the national average jumped three cents overnight. This is the largest one day spike in nearly five months,” Green explains.

In New Jersey, motorists are paying on average $3.42 for a gallon of regular, up seven cents from last week.

Crude oil is currently going for $106 a barrel and many experts expect gas prices to keep rising, perhaps 10 to 15 cents per gallon in the next few weeks.

Top Content On CBSPhilly

View Comments
Follow

Get every new post delivered to your Inbox.

Join 31,504 other followers