Record High Gas Prices This Labor Day

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Monday, September 3, 2012

If you filled up at all this labor day, you probably noticed gas prices were up. Well they weren't just high, they were actually record breaking.

This Labor day, drivers shelled out more on gas than any other Labor Day before.

Labor day 2010, the average price of gas in Wichita was $2.55 a gallon. Last year it was $3.60 and this year the average price of gas is $3.75 a gallon making it a record for the holiday; not just in Wichita but across the nation.

At a service area off the Kansas turnpike , we found several labor day travelers feeling a little pain at the pumps.

“I spent about $71. I usually spend about $60,” Amber Broxterman said.

"It's higher, yeah. It's not much fun when it takes $35 to fill up this little car,” Cody Hollingsworth said.

In downtown Wichita, we found one driver who told us the high prices forced him to stay put this holiday weekend.

“Gas is just too high, way too high,” Rico Brown said.

Gas prices across the nation were at a record high this Labor Day. Just this month, gas in Kansas jumped up nearly 30 cents a gallon.

According to AAA, there's three main reasons for the spike in prices. First, crude oil costs are up. There's some supply problems in the Midwest and West Coast, and a few refineries on the Gulf Coast closed before Hurricane Issac.

Those factors added together, means drivers spent more on gas this Labor Day - than any other before.

“I think that's about five cents higher than when I left on Friday,” Broxterman said.

Amber Broxterman tells us as we head into fall, she hopes to put sky high summer gas prices in her rear view mirror.

"Wishing and praying that they'll go down some day so maybe I can actually have money to spend on something on other than gas. That would be nice,” Broxterman said.

We spoke with a AAA spokesperson who tells us they expect to see gas prices drop over the next few weeks because refineries will start making less expensive winter blend fuels. Also, demand should decrease, because it's the end of the summer driving season.

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