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.


32° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

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
Find Local Businesses on KELO Pages!

You may also like

Ice Rink Crash Captured On Video

1/22/2015 9:03 AM

Corey Mitchell was watching his 4-year-old son Carson skate at the Scheel's IcePlex this week when he captured an unexpected crash.

Full Story
1 Dead After ATV Goes Through Ice On Perkins Co. Lake

1/25/2015 8:08 AM

A Newcastle, Wyoming man died after an ATV broke through the ice on a lake in northern Perkins County in South Dakota.

Full Story
Augustana College Student Found Safe

1/28/2015 10:56 AM

On Tuesday, a 19-year-old student left her room saying she was headed to the bathroom. Her roommate reported her missing when she had not returned.

Full Story
SF Man Arrested For One Pot Meth Lab

1/22/2015 2:08 PM

A Sioux Falls man has been arrested for having a one pot meth lab.

Full Story
5 More Flu-Related Deaths Reported In SD

1/23/2015 11:42 AM

The latest report from the South Dakota Department of Health shows that 23 people have died from the virus this season.

Full Story


Events