subscribesubscriber servicescontact usabout ussite mapBuy a Classified
Thu, Aug 28 2008 

Resources

print this story   Print this story
email this story   E-mail this story
  Post to del.icio.us

Photos


GARY WARNER of Pleasantville, Pa., gets gasoline at the Circle K in Kingsville Township where regular unleaded was selling for $3.45.9 a gallon.
WARREN DILLAWAY

Published March 11, 2008 11:24 pm - Gasoline prices jumped Tuesday to as high as $3.45 per gallon in some parts of Ashtabula County.

Gas prices soar, make wallets sore
Pain at the pump strikes: Local prices hit $3.4

By MARGIE TRAX PAGE - Staff Writer - mtrax@starbeacon.com
Star Beacon

Gasoline prices jumped Tuesday to as high as $3.45 per gallon in some parts of Ashtabula County.

That’s higher than the national average of $3.22 per gallon Tuesday, fueled by the near-record price of $109 per barrel of oil, AAA East Central director of communications Bevi Powell said from Pittsburgh.

’Oil prices are definitely the culprit here,’ Powell said. ’Last year at this time, oil was at $70 per barrel, and gas prices were at least 70 cents cheaper at the pump than they are today.’

The Circle K in Kingsville and the Shell station at Mill Street and Route 20 in Conneaut both listed regular gasoline at $3.45 per gallon Tuesday, while the Flying J at the Interstate 90 interchange in Austinburg Township listed regular gas at $3.19.

Powell said the trend isn’t exclusive to Ashtabula County or even Ohio.

’This is a national trend,’ Powell said. ’These increases are across the board.’

AAA tracks oil and gasoline prices through its Oil Price Information Service, which provides online consumer information and a price guide to direct drivers to the cheapest gas stations.

Powell said the winter months usually bring lower gas prices because drivers travel less. Because gasoline demand is about the same as it was last year, Powell said the old supply-and-demand story doesn’t apply to this price spike.

Powell said worldwide commodities price increases and the dollar’s weakness vis-’-vis other currencies are setting gasoline prices on fire.

’Oil prices are going up as investors continue to put their money in commodities,’ Powell said.

Commodities are anything for which there is a demand. The market becomes unstable when one commodity, like oil, is traded at a far higher rate than other commodities.

The record price of crude oil is propelling gas prices higher, although supplies remain at 15-year highs. On Tuesday, light sweet crude for April delivery surged to a new trading record of $109.72 on the New York Mercantile Exchange before retreating after the U.S. Energy Department and the Paris-based International Energy Agency cut crude consumption forecasts for this year. Futures settled at $108.75 a barrel, a new record, the Associated Press reports.

Powell said there is no end in sight to at-the-pump increases.

’It certainly isn’t a good situation, and no one can predict how high these prices will go. All the consumer can do is be smart in their choices of vehicle and try to combine trips to the store and cut down on their personal fuel consumption,’ she said.

Many analysts expect prices to moderate, while others predict oil could keep rising to $120 a barrel, or higher. With demand for gasoline expected to rise as warm weather arrives, analysts say pump prices could spike as high as $3.75 a gallon, regardless of what happens with oil prices. The Energy Department on Tuesday raised its forecast of how high prices will rise this spring by a dime, to $3.50 a gallon, the Associated Press reports.



print this story    email this story    comment on this story   

Click to discuss this story with other readers on our forums.




monster
wheels
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide


PREMIUM JOBS

MAINTENANCE MECHANIC
Local manufacturer looking for a person with 3-5 years experience in machine maintenance and repair for 2nd shift. Apply...>MORE

CDL-A DRIVERS
Smith Transport Has
Home Time
Great Pay & Benefits
1 yr. OTR exp. required
Call Us 7 Days/Week
...>MORE

Dispatcher
needed in a fast paced busy environment.
Must be available for various shifts.
Apply within City Taxicab, ...>MORE

DETAILER
Seeking hardworking, full time detailer for fast growing company. Call (440)466-2490 to set up an interview. ...>MORE

HEAVY EQUIPMENT SERVICE TECHNICAN
Perry, Ohio company seeking a full-time first shift heavy equip tech to rebuild, trouble-shoot, repair and test heavy eq...>MORE


Looking for Vet Assistant w/experience. Send resume to Box 02616 c/o Star Beacon, P.O. Box 2100 Ashtabula, OH 44005-2100...>MORE

Sales Rep
Traveling Independent Sales Rep Maximum travel 4 hours from home. Gone Monday thru Friday. Commission position. Company ...>MORE

Water Distribution Manager - City of Conneaut
Job Responsibilities: Works under the general supervision of the Water Treatment Superintendent. This is a management cl...>MORE

HHA's and STN's
Home Care Agency has immediate assignments available for HHA’s and STNA’s in the Ashtabula and Orwell areas. Must have o...>MORE

Choir Director
to help start a youth bell choir & vocal choir. Send resume to: 4901 Main Ave. Ashtabula OH 44004,
Attn: Fr. David
...>MORE

See all ads

PREMIUM AUTOS

See all ads

PREMIUM HOMES

REDUCED
BUY THIS HOME FOR
$0-DOWN TOTAL MONTHLY PAYMENT. OF ONLY $622.00
Drive by to see this 3BR - 1-1/2 BA Ranch on
...>MORE

A Fabulous Home!
FOR SALE BY OWNER!
1349 E. 28th St.
$122,900
Buckeye Schools, Ash Twp.
Lovely 4 BR/2BA Bi-level, C
...>MORE

Geneva on the Lake Cottage for Sale
GOTL 4908 Sunset, 2BR cottage, many updates, lrg lot, winterized $40,000. 440-361-1072...>MORE

Mobile Home for Sale
Perry, Ohio company seeking a full-time first shift welder/fabricator to perform welding & fabrication of heavy equip; m...>MORE

Manufacture Home for Sale
Located in James Place Estates, Brand new 30 year shingled roof, two bedrooms, two full baths, large aluminum sided shed...>MORE

HEAVEN ON 10.5 ACRES IN WOODS
3BR 2BA great room w/fireplace, sunroom w/sky lights, deck, 2 car att. garage, out bldg., full bsmt, 1100 ft. cement dri...>MORE

Ashtabula For Sale by Owner
Ash. 4205 State Rd 3BR/1ba, new kit, bath, furnace plus more 2.5 car gar. Move in cond. $79,000. 440-994-9450...>MORE

Saybrook - For Sale by Owner
3BR/2.5Ba Colonial. Master bath, C/A part. fin. full bsmnt, Deck, 1/2 acre, $162,000 5385 Savannah Dr. Saybrook.
R
...>MORE

1971 GUERDON
2BR C/A, lifetime roof, corner lot in Ash. $3500. Background & credit check. (440)998-4185 or (440)536-2462...>MORE

See all ads



 

Community Newspaper Holdings, Inc.CNHI Classified Advertising NetworkCNHI News Service
Associated Press content © 2008. All rights reserved. AP content may not be published, broadcast, rewritten or redistributed.
Our site is powered by Zope and our Internet Yellow Pages site is powered by PremierGuide.
Some parts of our site may require you to download the Flash Player Plugin.
View our Privacy Policy
Advertiser index