Lubbock Gas Prices Spike in the New Year - KCBD NewsChannel 11 Lubbock

1/5/09

Lubbock Gas Prices Spike in the New Year

A new President taking office and mid-east violence could be part of the overnight jump in gas prices.

NewsChannel 11 spotted Lubbock prices ranging from a $1.53 to $1.55 Monday. That's up about a dime, but still less than the national average of $1.67, which rose five cents from last week.

We contacted AAA to find out what caused this spike. Spokesman, Dan Ronan, tells us fighting between Iraeli and Plestinian forces may have contributed to the hike. He says a stronger dollar and optimism for economic growth in the new year, under a new President may have also played a role.

Whether these effects will last is not certain, but AAA says it is possible prices will drop before the end of February. 

Last year at this time, gas was $2.85 a gallon in our region.

get more>> Web Enhanced
Lubbock Motorists Track Cheapest Gas Prices
Help Lubbock track the cheapest gas prices in town.

  • Local News on KCBD.comNewsMore>>

  • Subtropical Storm Alberto heads to the US Gulf

    Subtropical Storm Alberto heads to the US Gulf

    Saturday, May 26 2018 5:23 AM EDT2018-05-26 09:23:12 GMT
    Saturday, May 26 2018 1:55 PM EDT2018-05-26 17:55:21 GMT
    A gradual strengthening is expected through the weekend as Alberto moves north. (Source: NOAA/CIRA/RAMMB/CNN)A gradual strengthening is expected through the weekend as Alberto moves north. (Source: NOAA/CIRA/RAMMB/CNN)

    A storm moving slowly through the Caribbean Sea is threatening to bring heavy rainfall, mudslides, and flash floods to parts of Mexico, Cuba, Florida and the eastern U.S. Gulf Coast this weekend.

    A storm moving slowly through the Caribbean Sea is threatening to bring heavy rainfall, mudslides, and flash floods to parts of Mexico, Cuba, Florida and the eastern U.S. Gulf Coast this weekend.

  • More LGBT issues loom as justices near wedding cake decision

    More LGBT issues loom as justices near wedding cake decision

    Saturday, May 26 2018 9:33 AM EDT2018-05-26 13:33:35 GMT
    Saturday, May 26 2018 1:54 PM EDT2018-05-26 17:54:49 GMT
    (AP Photo/J. Scott Applewhite, File). FILE - In this Oct. 10, 2017, file photo, the Supreme Court in Washington is seen at sunset. A flood of lawsuits over LGBT rights is making its way through the courts and will continue, no matter the outcome in the...(AP Photo/J. Scott Applewhite, File). FILE - In this Oct. 10, 2017, file photo, the Supreme Court in Washington is seen at sunset. A flood of lawsuits over LGBT rights is making its way through the courts and will continue, no matter the outcome in the...

    A flood of lawsuits over LGBT rights is making its way through courts and that'll continue, no matter what the Supreme Court decides in the case of a baker who wouldn't create a wedding cake for a same-sex couple.

    A flood of lawsuits over LGBT rights is making its way through courts and that'll continue, no matter what the Supreme Court decides in the case of a baker who wouldn't create a wedding cake for a same-sex couple.

  • Handcuffed Weinstein faces rape charge in #MeToo reckoning

    Handcuffed Weinstein faces rape charge in #MeToo reckoning

    Friday, May 25 2018 12:22 AM EDT2018-05-25 04:22:30 GMT
    Saturday, May 26 2018 1:54 PM EDT2018-05-26 17:54:27 GMT
    (Photo by Chris Pizzello/Invision/AP, File). FILE - In this Jan. 8, 2017, file photo, Harvey Weinstein arrives at The Weinstein Company and Netflix Golden Globes afterparty in Beverly Hills, Calif. Law enforcement officials say Weinstein is expected to...(Photo by Chris Pizzello/Invision/AP, File). FILE - In this Jan. 8, 2017, file photo, Harvey Weinstein arrives at The Weinstein Company and Netflix Golden Globes afterparty in Beverly Hills, Calif. Law enforcement officials say Weinstein is expected to...

    Harvey Weinstein is expected to turn himself in to police in New York City early Friday following a seven-month investigation into sexual assault allegations.

    Harvey Weinstein is expected to turn himself in to police in New York City early Friday following a seven-month investigation into sexual assault allegations.

Powered by Frankly