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Gas prices continue to rise

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UNDATED (WKZO) -- Drivers in some parts of Michigan have seen gas prices jump by as much as 35-cents a gallon and they may go even higher.

Analysts are blaming everything from the unrest in Egypt to the steep decline in gold prices for the increase.

Gas Buddy’s Patrick Dehaan says its simple crude oil prices are climbing because demand is high and the supply is low, and has been for the last 2 weeks. He says the last two government reports on crude inventories have shown ten million barrel declines.

The national average has risen by four-cents a gallon in the past few days to three-dollars-52-cents per gallon. It’s 30-cents higher at gas pumps in west Michigan.

 

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