Gas Prices on the Rise - KCBD NewsChannel 11 Lubbock

2/10/03

Gas Prices on the Rise

Phebe Myars just spent nearly $60. "And you know what? I wasn't even on empty," she said.

Gas prices have shot up 9 cents over the past month, 32 cents from the same time last year.

"I fill up about three times a week, and lately it's been about $25 to $30 every time to fill up, and that comes to $200 to $300 per month," said Bambi Spyers.

"People feel the pain of gas prices very quickly," said Texas Tech Professor Harry Parker. He says supply isn't the problem. "There's ample oil to be produced, there's ample means to transport it, etc," he said.

So why the price hike? 

"I'm sure there's a bunch of political junk going on," said Myars.

According to Professor Parker, that's right on the money. "Political instability. Some of it accidental, some intentional, makes the price waffle," he said.

As the threat of war grows stronger, prices fluctuate more rapidly. At the Taylor convenience store at 82nd and Indiana, gas prices change so frequently that the numbers used to display them are pulled out of storage for easier access.

So if war does start, will prices goes up even more? "I think so, yes," said Spyers.

A situation for which Phebe Myars has some practical advice. "Well, I'm of the opinion it doesn't do any good to get upset, so why increase your blood pressure," she said.

  • 2/10/03Gas Prices on the RiseMore>>

  • Texas Gas Prices

    get more>> Web Enhanced Lubbock Motorists Track Cheapest Gas Prices Help Lubbock drivers track the cheapest gas prices in town. (Updated frequently.) Today's Gas Price Average in Texas? Find
    Are you paying too much at the pump? Take a look at what others prices are for the entire state of Texas.
  • Local News on KCBD.comNewsMore>>

  • Carjacker takes 99-year-old victim on joyride

    Carjacker takes 99-year-old victim on joyride

    Sunday, March 26 2017 5:24 AM EDT2017-03-26 09:24:32 GMT
    Sunday, March 26 2017 5:24 AM EDT2017-03-26 09:24:32 GMT

    The woman knew she needed to stay calm because of her high blood pressure, but she managed to hold her own, arguing with the carjacker.

    The woman knew she needed to stay calm because of her high blood pressure, but she managed to hold her own, arguing with the carjacker.

  • Oregon beats Kansas 74-60 to punch Final Four ticket

    Oregon beats Kansas 74-60 to punch Final Four ticket

    Sunday, March 26 2017 12:18 AM EDT2017-03-26 04:18:42 GMT
    Sunday, March 26 2017 12:18 AM EDT2017-03-26 04:18:42 GMT

    Tyler Dorsey poured in 27 points, Dillon Brooks added 17 and plucky Oregon ended Kansas' romp through the NCAA Tournament with a 74-60 victory Saturday night that gave the Ducks their first Final Four trip in...

    Tyler Dorsey poured in 27 points, Dillon Brooks added 17 and plucky Oregon ended Kansas' romp through the NCAA Tournament with a 74-60 victory Saturday night that gave the Ducks their first Final Four trip in nearly 80 years.

  • Gonzaga beats Xavier 83-59 to reach first Final Four

    Gonzaga beats Xavier 83-59 to reach first Final Four

    Saturday, March 25 2017 9:50 PM EDT2017-03-26 01:50:33 GMT
    Saturday, March 25 2017 9:50 PM EDT2017-03-26 01:50:33 GMT

    Nigel Williams-Goss scored 23 points while orchestrating Gonzaga's efficient offense, and the Zags finally shook their overrated tag by routing Xavier 83-59 to reach the Final Four for the first time.

    Nigel Williams-Goss scored 23 points while orchestrating Gonzaga's efficient offense, and the Zags finally shook their overrated tag by routing Xavier 83-59 to reach the Final Four for the first time.

Powered by Frankly