Gas prices up, relief could be on the way

El Paso News

As gas prices go, 2018 has been one of the most painful years at the pump, and that’s having a ripple effect.

On average, gasoline is 48 cents more per gallon this Labor Day weekend than last year.

“There’s been high global demand and shrinking supply,” notes AAA’s Jeanette Casselano.  “So, when you put all those factors together, it just really increases pump prices.”

Fortunately, those prices are about to take a tumble.

AAA is predicting the current average price of $2.84 per gallon will fall by 14 cents over the next few months. 

“One of the factors into why gas prices will be cheaper this fall is the blend,” Casselano explains.  “Winter blend is cheaper to produce and therefore we really see gas prices coming down.”

In addition, worldwide demand is projected to drop, and if there’s no serious hurricane activity in the Atlantic, consumers will soon get back to gas prices they haven’t seen in four years.

Read more: https://cnb.cx/2wtKTGc

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

KTSM Video Center

firework ban in el paso county

Thumbnail for the video titled "firework ban in el paso county"

Destination Texas- Rocket Buster Boots

Thumbnail for the video titled "Destination Texas- Rocket Buster Boots"

Freed labor lawyer, activist arrives in Juarez

Thumbnail for the video titled "Freed labor lawyer, activist arrives in Juarez"

Locals finding ways to enjoy the summer by having 'stay-cations' at El Paso hotels

Thumbnail for the video titled "Locals finding ways to enjoy the summer by having 'stay-cations' at El Paso hotels"

Violence continues in Juarez 'colonias' with finding of two murder victims

Thumbnail for the video titled "Violence continues in Juarez 'colonias' with finding of two murder victims"

Juarez tries to cope with drug cartels now selling their product in Mexico

Thumbnail for the video titled "Juarez tries to cope with drug cartels now selling their product in Mexico"
More Local
Advertise with KTSM 9 Link