Residents reach deeper into their pockets as gas prices soar
El Paso — Gas prices have been steadily climbing for more than a month and locals are definitely feeling the pain at the pump.
Experts say there are many factors that play into the spike in gas prices. However, at a time when fuel should be costing less per gallon, Borderland motorists and lawmakers alike are asking for something to be done.
Friday morning our crew saw prices at the pump from $3.35 to $3.49 in El Paso. Just weeks ago ago, gas was less than two dollars per gallon.
Experts say gas not fluctuated this much since 2005. Some lawmakers, such as Republican Fred Upton from Michigan is pushing the Obama administration to approve TransCanada's Keystone XL Pipeline proposal. The proposal would bring more oil to the US, according to the lawmaker. Opponents say the pipeline is not financially sound and would damage the economy.
Whatever factors drive up the price of gas, El Pasoans are reeling from the pain at the pump and are having to dip deeper to pay for their fuel bills. we asked Central El Pasoan Eduardo Ibarra how he deals with rising gas prices. "We're trying just figuring it out. Saving money every check, pretty much," Ibarra told us.
Experts also say too many US refineries have shut down for the season causing skyrocketing prices.
They also say the average American driver spent about $3,000 last year on gas.
Las Cruces, New Mexico's gas prices are similar to El Paso's at an average of $3.43. The national average is $3.78.