You’ve probably noticed the price of gasoline steadily creeping up just within the last few weeks or even days.
“Why did it jump up so much?” asked Claire Roy of Chicopee as she filled up her tank at the local Pride station. “It was just $3.30. I was surprised. Wasn’t it just $3.30 last week? Yeah, it keeps going up.”
Just two pumps over, Ken Wells echoes the same sentiment. “Last week they were, it was $3.34. Now it’s up to $3.60… $3.70 a gallon. It’s ridiculous!”
And it’s now reality. Gasoline prices are going up, up… but not away. At least not for a while.
Robert Bolduc, owner of Pride stores and stations, says gas has increased 38 cents a gallon in just 17 days, and he has yet to pass along the full price to his customers. ”If we passed along about 15 cents right now of what is a total of 38 cents cost increase, then that means there are a lot more increases to come at everybody’s gas station.”
The standard wisdom around this time of year is prices go up because of tight supply. But Bolduc says that’s not the case. He says blame Wall Street. “It all goes back to Wall Street and the traders who look at world inventories or the situation in Syria or whatever, who knows, it’s always a different excuse,”
But the result to consumer is generally the same. And so is the response as prices close in on $4 a gallon.
“It’s ridiculous,” said Wells, topping off his tank. “With my truck, I just bought this truck and it’s running me over $70 just to fill the tank. It’s crazy.”
And for several more weeks – it’s here. So your best bet to lessen the pump pain is to act quickly.
“Fill up your tank today,” said Bolduc. “Because it will be more expensive tomorrow.”
Bolduc says once the present gas increases work their way through the system over the next few weeks, he doesn’t expect prices to go up any more. At least for a little while.