User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


73° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

Record Oil Price's Impact On Drivers

October 29, 2007, 8:12 PM by Summer Evans

Record Oil Price's Impact On Drivers
Crude oil has reached $93 a barrel and most of the time, gas prices will rise along with it. But, this year's market and geopolitical issues have created an unpredictable situation.

Crude oil reaches a record high. Is it only a matter of time before we see one-hundred dollars a barrel?  Mark Madeja with Triple-A said, "At this point in time, it would be easier to predict when the Cubs are actually going to make it to the World Series."

With mounting political tensions in the Middle East and a tropical storm brewing in the Gulf of Mexico, Madeja says crude could continue to climb. He says futures traders and stockholders are doing their part too.  "I really think these prices are being propped up because so many people are trying to make a buck off of this whole thing," he said.

It's hard to tell whether gas prices will follow crude, as Madeja says this year the rulebook on gas and oil prices has basically been thrown out the window. But he says the drop consumers usually see in gas prices this time of year isn't happening. 

And Madeja says there's more drivers can do than simply complain about the soaring price of oil.  He said, "We absolutely need an energy policy to make sense and we've got to push and force our legislators to collectively get together and get something to the President, and to Congress right now."

He says just because Americans have lost control of the country's energy destiny, doesn't mean it's too late to get it back.

The national average for a gallon of gas is $2.85. The average for South Dakota is actually two-cents higher at $2.87.

Previous Story

Next Story


RELATED STORIES


Sponsored

 


You may also like

Heavy Rains Flood Sioux Falls

8/28/2015 5:47 AM

While intersections are open on Friday morning, many are still cleaning up after Thursday's torrential downpour in Sioux Falls.

Full Story | Watch
Many Sioux Falls Streets Flooded Following Heavy Rain

8/27/2015 9:09 PM

Heavy rainfall Thursday evening caused flash flooding across Sioux Falls.

Full Story
City Officials React To 'Monster' Storm

8/28/2015 11:01 AM

Public Works Director Mark Cotter said the city's infrastructure performed well on Thursday against the rain.

Full Story | Watch
Authorities Searching For Attempted Abduction Suspect

8/31/2015 5:34 AM

Deuel County Emergency Management said the girl was able to escape when a man attempted to take her.

Full Story
Reporter, Photographer Killed In Virginia

8/26/2015 8:14 AM

Becky Coyner with dispatch and records at the Augusta County Sheriff's Office says the suspect is 41-year-old Vester Lee Flanagan II, of Roanoke.

Full Story


Events