Gas prices rising: Is it temporary?

TYLER (KYTX) - Blake Brightwell drives everyday from Longview to the University of Texas at Tyler. He has a big truck, which drinks a lot of gas.

"It's really hard to get around without spending much out of my wallet. I work hard for all of my money and I have to spend it all on gas," said Blake Brightwell. 

For this working college student, he needs every quarter, nickel and dime that he can find.

"I have to pay for books and all my stuff for class.  I can't spend over half of my paycheck on gas just to get around," explained Brightwell.

We found gas prices at gas stations across East Texas well above $3.

But, we also found prices in Tyler that were much lower.

So, we went to the expert, Dr. Harold Doty at the University of Texas at Tyler for answers about the fluctuating prices.

"At the Valero, out by house, in two or three days, it went up 20 cents a gallon. There is no financial or economic reason for that kind of volatility," said Dr. Harold Doty.

Dr. Doty says the government shutdown should have kept prices low.

But, he says, one effect of the higher prices could be the closure of some agencies during the shutdown, such as the Energy Information Administration.

"It shut down October 11th. So, I think part of what's going, there is just a lack of information, good data out there about what our stocks are, and that's allowing additional volatility in the market," explained Dr. Doty.

But, there is good news, Dr. Doty says he expects this fluctuation in prices to be only temporary.

"So, I'm going to stick to my guns and say we'll continue to have low prices through the first of year. It may be $3 is a stability point, but I think we'll fluctuate down, well below that before Christmas," said Dr. Doty. 

Something college students, like Blake Brightwell, need to happen to keep money in their pockets.

"I can't manage right now, I'm struggling," said Brightwell. 



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