Around 4:30 this afternoon, AAA Carolinas told us their analysts are now saying gas prices will go up significantly. They can't say if significant means $5.00/gallon, but that is what people have been talking about all day.
We talked to the CEO of The Pantry which has gas stations in 11 states. The Pantry CEO, Pete Sodini, told us they're not planning on raising gas prices. The Pantry along with other gas stations are asking customers to limit their purchase to no more than 10 gallons.
Blame it on Hurricane Ike! Ike is expected to hit the Gulf Coast tomorrow and oil production platforms were evacuated. Ike is expected to become at least a Category 3 storm with winds upward of 111 mph before it comes ashore.
By 9:30 the average price in the Lowcountry is around $3.57. But several gas stations are reporting prices as high as $3.68 and $3.69.
That's a few cents higher than the national average of $3.67
A year ago this time, the local average was $2.61.
Some gas stations in the Midlands were well over $5.00.
To put it in perspective, in September of 2005, gas jumped about 40 cents a gallon to an average of $2.99 the day after hurricane katrina made landfall.
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