Gas Prices Decreasing Now, But Energy Prices Expected To Rise Later - KCBD NewsChannel 11 Lubbock

9/8/05

Gas Prices Decreasing Now, But Energy Prices Expected To Rise Later

Good news and bad news for consumers.

The good news is gas prices in Lubbock are dropping. We found prices at the pump as low as $2.75 Thursday. That's an 11-cent drop from Wednesday and a 21-cent drop this week.

Now for the bad news. Thursday, the Energy Department reported natural gas prices could increase as much as 71% this winter. Price hikes will depend on how fast oil rigs and Gulf Coast refineries damaged by Hurricane Katrina can be repaired.

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