Experts: Gas Prices Will Keep Going Up

CHICAGO (CBS) — Gas prices are on the rise, and experts say we can expect them to keep rising as we head toward spring.

As CBS 2’s Kris Habermehl reports, on Monday morning, a gallon of regular unleaded was going for $3.85 at the Citgo station at Division Street and California Avenue in the Humboldt Park neighborhood.

AAA says the average for Chicago is $3.58, seven cents more than the $3.51 average the Lundberg Survey has calculated for the entire country. says the average retail gasoline price has actually fallen 1.6 cents per gallon in the last week, but they are up 26.8 cents per gallon since the same period a year ago.

“Retail gasoline prices have continued to slowly rise across a majority of the United States,” Senior Petroleum Analyst Patrick DeHaan said in a news release. “With the exception of one state- Wyoming- all states are seeing their gasoline prices averaging over $3/gallon again, with some of the largest cities- New York City and Los Angeles closing in on $4/gallon,” DeHaan said.

Prices already hit their highest level ever for the month of January this year, with an average of $3.69 for Cook County. AAA spokeswoman Beth Mosher said last week that the spike would have been even worse if not for sluggish demand.

Experts added last week that with Persian Gulf tensions ratcheting up over Iranian nuclear ambitions, oil prices are not likely to come down anytime soon.

  • Larry Polte

    This has NOTHING to do with the fabricated “tensions in the Persian Gulf” nonsense. It has to do with the Obama administration not granting even ONE NEW drilling permit since this clown became president. This is the same HYPOCRITE who ripped into Bush when gas was $2.85/gallon. This reporter also “conveniently” omitted the Obama mandated EPA new sulfur emission rules that will raise ALL energy costs. Obama is costing us all more money yet the ignorant clowns keep following him right to the slaughter!

  • Fuel prices rise amid ongoing European debt crisis – South Florida Business Journal

    […] CBS Local […]

  • InalienableWrights

    Gas prices are controlled by the world elites to control us. Access to energy in general is controlled in order to control us.

  • Chicago Bucks National Trend, Sees Dip In Gas Prices « CBS Chicago

    […] Chicago’s gas prices are still higher than the national average, but there is some good news. Though gas prices are jumping across the country, in Chicago, they have gone down in recent […]

  • fred

    dont forget that it has been a warm winter in most of the USA. Since fuel oil has far less consumption this year in the states, less profits are being made, so up goes the price…..dont let em kid you..its all about the profit!!!!!

  • Obama Whines About Gas Prices in Press Statement Forgets to Mention Keystone | American Freedom

    […] Experts: Gas Prices Will Keep Going Up ( […]

blog comments powered by Disqus
Daily Weather Reports Delivered To You!SIGN UP NOW: Get daily weather reports every morning from meteorologist Steve Baskerville!
CBS Sports Radio RoundupGet your latest sports talk from across the country.

Listen Live