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.


20° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Analysts: Gas Prices Shouldn't Be This High

October 8, 2012, 10:00 PM by Don Jorgensen

Analysts: Gas Prices Shouldn't Be This High
SIOUX FALLS, SD -

What's going on with gas prices? Analysts say we shouldn't be paying as much as we are right for a gallon of regular unleaded gas.

In Sioux Falls, the average price is $3.73. Rapid City is $3.72. Aberdeen is $3.90. Onida has the most expensive gas at $4.15. The cheapest is in Garretson, where a gallon of gas is $3.67.

Experts were predicting prices would drop after Labor Day, but say there's no explanation as to why prices are this high this time of year.

Robert Olender, who is vacationing in the Black Hills, says gas prices have affected the way he travels. He and his wife stay in cheaper hotels to offset some of the high costs of gas. 

"It's discouraging considering this time of year.  Economically people are struggling and this is not the time of high tourist travel so you'd think you'd get prices a lot lower," Olender said.

Others are just as confused.

"I don't know what's causing it, if there's a refinery not working or what it is, I don't know," Bruce Symington of Hot Springs said.

"Historically, they always come down after Labor Day," Marilyn Buskohl of AAA said.

Buskohl says South Dakota has seen the sixth largest decline in the nation, 4.5 cents in the last week, but says the prices aren't nearly where they should be.

"Normally after the summer driving season is over and they've switched over to making winter blends that will drive the prices down a little bit, but we haven't seen that so far," Buskohl said.

The price of crude oil has also gone down nearly $10 a barrel in the past few weeks, but that's not showing up at the pump; not yet anyway.

"We expect gas prices will decrease, but I think they are going to remain pretty high for awhile," Buskohl said.

That's not good news for travelers like Olender, who has a long way to go to get back home.

South Dakota's average price for a gallon of regular unleaded is $3.81 up 31 cents from a year ago. That's also the national average.

Previous Story

Next Story


Comments







Sponsored
 

View business

You may also like

Wells Fargo Lays Off Handful Of Workers In Sioux Falls

2/3/2016 2:27 PM

Spokesperson Staci Schiller said nine employees were given a 60-day notice in its home lending department.

Full Story
IRS Phone Scam Costing KELOLAND Thousands

2/4/2016 3:05 PM

Those aggressive IRS scam calls plaguing KELOLAND have cost South Dakotans tens of thousands of dollars so far.

Full Story
Toppers Pizza To Open On East 10th Street

2/1/2016 4:13 PM

Toppers Pizza is adding a second Sioux Falls location.

Full Story
Bridgestone-Firestone Recalls Over 36,000 Truck Tires

2/6/2016 1:20 PM

Bridgestone-Firestone North America is recalling more than 36,000 heavy truck tires in the U.S. and Canada because the tread can separate from the bod...

Full Story
South Dakotans: Fast Talking And Patient On The Phone

2/4/2016 7:51 AM

South Dakotans are ranked as the eighth fastest talkers in the U.S., behind Iowa at number 5 and Minnesota at number 2.

Full Story


Events