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Article: Gas prices surge in St. Joseph ; Some fear increase will affect holiday spending
- Article from:
- St. Joseph News-Press
- Article date:
- October 28, 2009
- Author:
CopyrightCopyright 2009 St. Joseph News-Press. Provided by ProQuest LLC. (Hide copyright information)
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Retail gas prices in St. Joseph rose 15 cents in the past week,
the biggest jump in more than a year, raising fears that consumers
could curtail holiday spending just as the recession eases.
The average retail price for regular unleaded gasoline was $2.54
per gallon on Tuesday, passing the peak summertime level of $2.51
per gallon, according to AAA Missouri. The auto club bases its
survey on credit card transactions at gas stations.
"This is an anomaly," said Mike Right, a spokesman with AAA
Missouri. "Going forward for the rest of this year, we're likely to
be paying higher prices for gasoline than what we paid last year."
Economists cite several reasons for the current surge of gasoline ...