Gas Prices This Weekend Will Be Highest in Six Years - kcentv.com - KCEN HD - Waco, Temple, and Killeen

Gas Prices This Weekend Will Be Highest in Six Years

Posted: Updated:

(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.

  • Latest NewsMore>>

  • Lott Fire Sends Dentist To Early Retirement

    Lott Fire Sends Dentist To Early Retirement

    Friday, August 22 2014 12:31 AM EDT2014-08-22 04:31:31 GMT
    (KCEN) “There's nothing you can salvage out of it.” A blunt but honest assessment, as Dr. David Shore looks at what used to be his dental office. “I can't believe it,” said Shore. “It's just gutted, there's nothing there.” On Wednesday night, a fire destroyed over 30-years of memories for the only dental practice in Lott. The city's volunteer fire department was called out to Gassaway Avenue at 9:45 p.m. after a passerby saw smoke coming out of the dental office. Soon smoke was seen coming f...More >>
    (KCEN) “There's nothing you can salvage out of it.” A blunt but honest assessment, as Dr. David Shore looks at what used to be his dental office. “I can't believe it,” said Shore. “It's just gutted, there's nothing there.” On Wednesday night, a fire destroyed over 30-years of memories for the only dental practice in Lott. The city's volunteer fire department was called out to Gassaway Avenue at 9:45 p.m. after a passerby saw smoke coming out of the dental office. Soon smoke was seen coming f...More >>
  • Rick Perry Calls for More Airstrikes Against Islamic State

    Rick Perry Calls for More Airstrikes Against Islamic State

    Thursday, August 21 2014 9:54 PM EDT2014-08-22 01:54:29 GMT
    Texas Gov. Rick Perry on Thursday called on the Obama administration to step up airstrikes against Islamic State militants in Iraq, saying the group could pose a direct threat to the U.S."Nothing less than an airstrike to destroy ISIS forces is required," Perry told a packed audience at an event sponsored by the conservative Heritage Foundation think tank and the National Review.The Republican governor was expected to speak about the crisis of Central American children crossing...More >>
    Texas Gov. Rick Perry on Thursday called on the Obama administration to step up airstrikes against Islamic State militants in Iraq, saying the group could pose a direct threat to the U.S."Nothing less than an airstrike to destroy ISIS forces is required," Perry told a packed audience at an event sponsored by the conservative Heritage Foundation think tank and the National Review.The Republican governor was expected to speak about the crisis of Central American children crossing...More >>
  • Baylor's Ken Starr Just Latest Big Name to Take Ice Bucket Challenge

    Baylor's Ken Starr Just Latest Big Name to Take Ice Bucket Challenge

    Thursday, August 21 2014 6:59 PM EDT2014-08-21 22:59:44 GMT
    (KCEN) -- There's no doubt you haven't seen it on your Facebook page: the ALS ice bucket challenge. It's sweeping through social media, and the viral fundraiser is making stops at some of central Texas' most well-known names.More >>
    (KCEN) -- There's no doubt you haven't seen it on your Facebook page: the ALS ice bucket challenge. It's sweeping through social media, and the viral fundraiser is making stops at some of central Texas' most well-known names.More >>
Click for Local Doppler Radar
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KCEN. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.