Pain At The Pumps

Severe flooding is now having an effect on the price at the pumps. The price of gasoline jumped 10 cents on Thursday to $2.99 a gallon for regular, and oil industry analysts don't expect our prices

Thursday, July 5th 2007, 2:28 pm

By: News On 6

Severe flooding is now having an effect on the price at the pumps. The price of gasoline jumped 10 cents on Thursday to $2.99 a gallon for regular, and oil industry analysts don't expect our prices to go down anytime soon.

The Oil Price Information Service says Coffeyville's refinery leak is creating a ripple effect here in Oklahoma and Kansas, as well as three other states. About 42,000 gallons of crude oil spilled from the refinery into the Verdigris River on Sunday. There's no word on when the refinery might be operational again, and it could be shutdown the rest of the year. As a result analysts say we should expect $3 a gallon prices for the rest of the summer.

Watch the video: Gas Prices Rising