Gas prices still rising in Alabama

Gas Prices Staggered Across Alabama00000000

By WVUA 23 News Reporter Jacyn Abbott

Alabama’s gas prices are 10 cents higher than they were last week, according to Gas Buddy’s weekly survey.

As of Oct. 15, the average price for a gallon of gas in Alabama is $3.08.

That’s a bit lower than the national average, which sits at $3.30.

Gas Buddy Senior Petroleum Analyst Patrick De Haan said gas stations are raising their prices because the price of oil is also skyrocketing.

“There has been an increase in the price of oil and because of COVID imbalances and OPEX’s decision last week to not further increase production,” he said. “I think the trend is that we could continue to see prices go up over the next couple of months should these issues persist.”

Last week, oil barrel prices hit a seven-year high and on Oct. 11 prices rose another 2%, bringing the price of one barrel to nearly $82.

De Haan said he doesn’t think relief is coming anytime soon, but there’s no need to panic.

“There is not going to be a shortage unless humans create one, but for now buckle up,” he said.

If you’re interested in checking gas prices in your area, you can do so at gasbuddy.com.

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