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Growing pains at the pump

Gas prices shoot up overnight

May 17, 2013
By LUKE STALZER (lstalzer@timesrepublican.com) , Times-Republican

Temperatures are on the rise and so are gas prices.

Within a day, gas prices jumped nearly $.20 a gallon in central Iowa and around the state. In Marshalltown, prices were $3.69 Wednesday but soared as high as $3.89 by Thursday.

"I think it's what they do every year," said Howard Lindeman, who lives just outside Marietta. "When Memorial Day comes, the gas prices go up."

Article Photos

T-R PHOTO BY LUKE STALZER
A line of cars fuel up at the Kwik Star on Third Street in Marshalltown Thursday afternoon. Gas prices shot up over night nearing $4 a gallon.

AAA reports that two major refineries near Chicago have been shut down for maintenance and those closures caused the dramatic increase in prices. The refineries are not expected to be up and running until after Memorial Day.

Other analysts say low inventory and plans to remove some production from a refinery in Oklahoma are also causes for the sudden increase.

Lindeman said the higher prices won't affect any of his summer plans, but they will make him be cautious until they start to go down.

Fact Box

GAS WATCH

A sampling of prices from Iowa and the U.S.

as of 5 p.m. yesterday.

REGULAR?UNLEADED

Central Iowa - $3.953

Last Month - $3.505

Last Year - $3.485

Iowa - $3.899

Last Month - $3.446

Last Year - $3.511

National - $3.638

Last Month - $3.519

Last Year - $3.729

- Sources: AAA, GasBuddy

"I will try to limit my trips to town," he said.

AAA reports prices will continue to rise for another few weeks, but this won't be a long-term situation.

 
 

 

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