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.


54° 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.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Gas Prices Expected To Rise Soon

January 10, 2013, 5:03 PM by Sammi Bjelland

Gas Prices Expected To Rise Soon
SIOUX FALLS, SD -

With the average price of gas in South Dakota hovering around three dollars, many drivers are enjoying some extra cash in their pockets.

But with summer just around the corner, experts say this honeymoon phase will soon end and the increase could be dramatic.

Gas prices have slowly been dropping all winter long. Some Sioux Falls stations are now selling unleaded with ten percent ethanol for less than $2.90 a gallon.

"I do my living on the road, so I drive a lot of miles. So, anytime we can get gas down to a decent price, it's always nice to see. My company enjoys that a lot," driver Randy Seppala said.

Not only are these lower prices helping businesses, but also families who need the extra cash after the holidays.

"I think I'm just saving a lot more because I actually have a baby on the way. So it's like you save more and then you can buy more stuff for the baby," driver McKenzie Vigna said.

Unfortunately, the low price tags won't be around forever. AAA says this may be as low as they get before they go up in the spring. This annual hike is because summer blends are more expensive to produce. But just how high will the price of gas get?

"Well, anytime gas gets above three dollars a gallon it's going to affect your personal income. As far as getting around town, and back and forth to work, that comes first. So any extra curricular trips are extra," Seppala said.

While some experts estimate the average gallon of gas will be up to $3.95. AAA predicts it will peak between $3.60 to $3.80.

Either way, people paying at the pump are not looking forward to any increases.

"It costs the business people more money. And they start dropping people from work. So we don't want it to happen," driver Richard Tarley said.

"That would curtail some of our business plans I'm sure. Because we rely on a lot of convenience store trades, so that would definitely curtail some of the sales inside," Seppala said.

AAA says their estimates do not take into account the possibility of significant storms, major wars or production outages.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View business

You may also like

Valentino's Restaurant For Sale

10/20/2014 12:18 PM

Prime real estate on 41st Street in Sioux Falls is for sale. Valentino's Restaurant at 41st Street and Western Avenue has been listed for $1.35 mi...

Full Story
Long John Silver's Closes, Building For Sale

10/20/2014 12:31 PM

A longtime fast food option in Sioux Falls, the Long John Silver's restaurant is closing after more than 30 years in business. 

Full Story
Pierre Woman Wins On In-Flight Game Show

10/17/2014 12:10 PM

A South Dakotan is a winner on the Allegiant Airlines' first in-flight game show called "The Game Plane."  The reality show is film...

Full Story
Three Sushi Restaurants Suddenly Close In Sioux Falls

10/22/2014 4:45 PM

Three sushi restaurants have all closed for business in Sioux Falls.

Full Story
SD Gas Prices Jump While Nation Approaches Four-Year Low

10/21/2014 11:00 AM

Gas prices have fallen to a nearly four-year low nationwide at an average of $3.09 a gallon.  AAA South Dakota says U.S. gas prices could drop to...

Full Story


Events