Gas prices move into the fast lane again - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Gas prices move into the fast lane again

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SAN DIEGO (CBS 8) - The future doesn't look bright for drivers hoping that skyrocketing gas prices will start to go down. In fact, experts say we can expect to pay even more to fill up our gas tanks in the coming weeks and months.

$3.39, $3.69, $4.35 a gallon, and Ashanti Coward is paying it.

"It's ridiculous," she said.

Gas prices over the past three months have shot up more than 30 cents a gallon. Usually prices fall in January, but not this year.

"Right now the average fuel price in San Diego is $3.36 a gallon, the highest we've ever seen here in San Diego, ever in January," Michael Hoshaw of the Automobile Club of Southern California.

And the experts predict the price of oil will shoot past $100 a barrel, meaning prices are only going to go up from here.

Charles Langley tracks gas prices for UCAN.

"If you can find it for $3.15, you're doing really, really well," he said.

He says the problem is a combination of things, but the biggest factor is oil company greed.

"These refineries have learned they can create shortage, create a scare and we'll see prices go up," Langley said.

Up and up and up some more, with no relief in sight.

"What we typically see, at least over the last 10 years, is we see an increase in spring. We're already at January with the highest prices on record and now we're going to into the spring time, so it's a really big concern to us," Hoshaw said.

In 2008, the average price of gas was over$ 4.50 a gallon. Experts say we could hit that again this year. Right now the gas station closest to Ashanti's home is only 15 cents away.

"I'm upset about it, but I mean you gotta do what you gotta do," she said.

 

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