Gas Prices This Weekend Will Be Highest in Six Years - KYTX CBS 19 Tyler Longview News Weather Sports

Gas Prices This Weekend Will Be Highest in Six Years

Posted: Updated:
  • CBS19.tv Web ExclusivesMore>>

  • Web Exclusive: Technology helping house calls make a comeback

    Web Exclusive: Technology helping house calls make a comeback

    Friday, August 1 2014 9:44 AM EDT2014-08-01 13:44:03 GMT
    You know the feeling when you or your child gets sick, it can be really tough to get out of bed and drag yourself to the doctor's office.  In some places now technology is bringing the doctor to you.More >>
    You know the feeling when you or your child gets sick, it can be really tough to get out of bed and drag yourself to the doctor's office.  In some places now technology is bringing the doctor to you.More >>
  • Moms-to-be learn how to be Fit for Two

    Moms-to-be learn how to be Fit for Two

    Thursday, July 31 2014 11:54 PM EDT2014-08-01 03:54:43 GMT
    Exercising during pregnancy may have more benefits than you realize. Research finds it can make labor and delivery easier on your body. There are also benefits for baby. As little as 20 minutes of moderate exercise, three times per week enhances the newborn child's brain development.  In this week's Fit City, find out how ETMC is trying to create strong moms and healthy babies with one of its programs. More >>
    Exercising during pregnancy may have more benefits than you realize. Research finds it can make labor and delivery easier on your body. There are also benefits for baby. As little as 20 minutes of moderate exercise, three times per week enhances the newborn child's brain development.  In this week's Fit City, find out how ETMC is trying to create strong moms and healthy babies with one of its programs. More >>
  • Web Exclusive: Rob Lowe is getting "sharky" for a TV network

    Web Exclusive: Rob Lowe is getting "sharky" for a TV network

    Thursday, July 31 2014 9:45 AM EDT2014-07-31 13:45:11 GMT
    Actor Rob Lowe is lending his comedic talents to the Discovery channel.  In a new promo for Shark Week he throws up chum while riding two sharks.More >>
    Actor Rob Lowe is lending his comedic talents to the Discovery channel.  In a new promo for Shark Week he throws up chum while riding two sharks.More >>

(NBC News) -- Fill 'er up this weekend and watch your wallet shrink. Consumers will pay the highest Fourth of July gasoline prices in six years, but pump prices would be far higher if not for dramatic changes in the U.S. oil industry.

Both the production and refining sides of the industry are contributing to a better supply environment, thanks to the oil shale boom and significant expansion of the U.S. refining industry in the last several years. Prices are expected to go lower this summer, and by Labor Day could be 7 cents to 12 cents cheaper per gallon than the current national average of $3.67 per gallon.

"Without hurricanes, I would say Labor Day, I would be looking at something in the $3.55 to $3.60 neighborhood," said Tom Kloza, oil analyst with GasBuddy.com.

Gasoline prices typically decline between Memorial Day and the Fourth of July, but this year prices rose, as the Iraq situation drove up crude oil prices.

Click for Local Doppler Radar
Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KYTX. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.