Gas prices skyrocket, here to stay - WNEM TV 5

Gas prices skyrocket, here to stay

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The price for a gallon of regular at an area station. The price for a gallon of regular at an area station.
SAGINAW, MI (WNEM) -

Get ready with tissues for your crying wallet: gas prices rose over 40 cents in some areas last  week.

Even worse news, is that experts project the spike to remain through summer.

Last week, drivers were paying in the range of $3.20 to $3.25 per unleaded gallon in the Saginaw area. Now, the average is $3.57 to $3.65.

"It's ridiculous," said Joyce Seals, "I was hoping it would go down, you know with all the cold weather and everything. The expenses people are spending for their heat…I'd hope they'd at least have a break at the gas pump. But we're not getting it."

Gas analysis suggest the reason for the hike is refineries entering a phase of maintenance. Also, the price of oil is also going up. Speculation around the world from political unrest is causing concern in the global oil market.

Many drivers are having to make extra room in their budget to meet the demands of the gas prices.

"I try to schedule stuff so it's on the same day," said driver Rick Lesnich, "Or you do it all at once instead of running home, and back out. It's wasting more gas, you know?"

Some told TV5 that they'd be canceling some family trips because of the difference.

"You know," said driver Grand Hummel, "You just gotta deal with it now I guess."

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