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!

 

Price Of Oil Highest In Two Years

December 27, 2010, 6:05 PM by Ben Dunsmoor

Price Of Oil Highest In Two Years
SIOUX FALLS, SD -  
Gas prices are now averaging three dollars a gallon in South Dakota, and those prices could rise even more in the new year.

That's because oil is expected to top $100 dollars a barrel again.

It may be December but the prices at the gas station look more like summer. The high gas prices are nearly 40 cents a gallon more expensive this year than this time last year. 

"Not good at all. I'm not the richest guy out here, so I don't like to hear three dollars a gallon at all," driver Dimitri Brander said.

Right now the price of a barrel of oil is hovering around $90 dollars a barrel, but analysts are predicting that it could hit $100 dollars a barrel in 2011. It's not something drivers are looking forward to. 

"Something you definitely have to put in your budget now days," driver Taylor Haugan said.

"You can't be blowing all your money on gas. It's $59 to fill this up," Brander said.

Prices aren't typically this high in the winter, but an improving economic outlook in countries like India and China could signal a higher demand for oil. The winter weather in the U.S. and Europe are increasing the use of heating oil, which can drain supplies.

But, while drivers don't like to see the price at the pump go up some drivers say they'll have to deal with it because there's not much they can do about it. 

"It's getting back up there. But I don't know, I'm getting by you know? I try not to worry about it too much. There's nothing I can really do about it personally," Haugan said.

Because as the price continues to rise drivers will have to keep pumping.

"Wintertime, nobody likes to spend a bunch of money you know," Brander said.

The price of oil hasn't been this high in nearly two years.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

You may also like

Authorities Find Body Of Missing Brookings Man

10/29/2014 8:17 PM

The search for a missing SDSU student has ended.

Full Story
14-Year-Old Dead After Being Run Over By Truck

10/25/2014 2:05 PM

A 14-year-old girl is dead after being run over in a parking lot just after 12:30 in Hartford.

Full Story
Police Empty Grain Bin In Search For Missing Brookings Man

10/28/2014 6:02 PM

Jacob Heisinger hasn't been seen since early Thursday morning. Police sent out a plea asking the public for any information on his disappearance.

Full Story | Watch
Low-Risk Traveler Being Monitored For Ebola In SD

10/27/2014 5:59 PM

South Dakota hospitals and clinics were notified last week of a person who is being monitored by the state Department of Health for signs of Ebola.

Full Story
Sioux Falls Nail Salon Shut Down By SD Cosmetology Commission

10/30/2014 11:00 AM

The South Dakota Cosmetology Commission has shut down #1 Nails Salon in Sioux Falls.  The commission revoked the license of owner Ngoc Lan T...

Full Story


Events