July 29, 2014

AAA spokesman: International events affecting Americans at the pump

Over the weekend, gas prices continued to rise. Triple A Carolinas spokesman Tom Crosby says gas went up on average about 20 cents in South Carolina just over the weekend.

It really soared over the weekend because of the stuff in Lybia. We are seeing international events affect us at the pump–painful.

Crosby says he expects the rise to continue.

So much of it is tied to what’s going on in the Mideast. Clearly if that continues, it’s going to drive the price up. It’s going to get worse before it gets better because really all the high price of the barrel of oil really isn’t starting to hit us just yet, but we really haven’t hit the peak. So, it’s going to be bad.

And, in the coming weeks?

I could see if Lybia’s troubles continue for all this week, and people worry about whether it will expand in the Mideast, we could be looking at $3.50 clearly in the next six to eight weeks.

In the past, gas prices have seemed to drop during the winter months, and climb during the summer. Crosby says it looks like that trend will continue this year.