Tuesday: Gas Prices Soar Past $4 Mark
A gallon of regular gas cost as much as $4.13 in Watertown Tuesday.
The price was posted at two stations on Washington Street. On South Massey Street, a 'Stewart's' station was $4.11 a gallon.
The statewide average is $4.07 a gallon.
"It really hurts," said Jamie Lamoreaux of Dexter. "You're not getting paid any more to go to work, but you gotta pay the prices to get there."
Adding insult to injury, the jump in price came during a period when gas prices usually go down, the period after Labor Day.
Cause? Gas experts blame Hurricane Issac and its impact on oil refineries.
"Their supplies were unexpectedly reduced when so many refineries had to shut down because of Issac," said Greg Laskoski, of the web site GasBuddy.com.
And other factors may drive prices even higher - uncertainty in the Middle East, for instance. On the other side of the coin, the change in seasons.
"You have the winter blend gasoline that's cheaper to produce and it's hitting consumers at a time when consumer demand in the fourth quarter is really tepid," Laskoski said.
Tuesday, May 21, 2013, Watertown, NY
On Wall Street