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Area gas prices surge amid Mideast tensions

READ MORE: Area gas prices surge amid Mideast tensions
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WILMINGTON, NC (WWAY) -- Although the unrest in the Middle East has not decreased the global supply of oil so far, analysts say fear and uncertainty about the region are to blame for a sudden hike in gas prices.

Gasbuddy.com said this morning the Kangaroo on Oleander Drive boasts the highest price for unleaded in Wilmington at $3.41 a gallon.

Driver Bo Foster said he filled up there because he was on "E" and would not have made it to another station. Foster said he's not sure why prices have spiked, but they're affecting his health.

"Gas prices need to go low," he said. "It makes me not eat as much, because I don't go out."

Other prices we spotted around town include $3.39 and $3.29.

Analysts are not sure when or if gas prices will go back down and customers are fearful it's going to be an ongoing trend.

"I just retired," said Gwendolyn Robinson. "I can't afford to pay the prices and it's not going to go down anymore. It's going to go up higher and I'm just going to have to stay home."

While some are planning to alter their daily routines by driving less others say that's not a choice. When it comes to understanding the increase in the price customers don't have an answer.

"It's a little ridiculous," said Thaddeus Leonard. "I don't know what's going on. It just kind of spiked over the last couple of days and I don't know what's going on."

Drivers say the escalating gas prices are just one more frustration for people struggling to make ends meet in this economy.

"Grocery bills are high," said Robinson. "Light bills are high. The CFPUA is going up on the water bills so how are we going to live? We can't afford it. We can't afford to do it."

When it comes to finding a good deal at the pump customers say it's hard to find, but some have a secret spot where they feel they can get the most bang for their buck.

"It's all of them," said Leonard. "I frequent one. I'm not going to say their name but it's a little lower."

To find the lowest prices near you visit http://www.northcarolinagasprices.com/.

Disclaimer: Comments posted on this, or any story are opinions of those people posting them, and not the views or opinions of WWAY NewsChannel 3, its management or employees. You can view our comment policy here.

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Gas prices in Charlotte NC

The Kangaroo Pantry on Tryon Street in Charlotte NC, just off I-485 is $3.43 per gallon. The highest I have seen any where at this time.

These speculators and

These speculators and analysts are the cause of all this,they are nothing more than a different kind of terrorist to the American people.Every time one of them says something,the oil companies act on it because they feel that since its already been said that some idiot THINKS the oil price will increase,then its ok to do the next day!These people suck!

Don't blame the execs

Their job is to maximize profits for their stockholders. Oil is a finite resource and we are using it up at an alarming rate. What the he'll do you expect

The prices are set in New York, London, Melbourne, etc.

The oil companies have nothing to do with it. Libya has nothing to do with it. Oil is a commodity just like wheat, gold, or orange juice.

Anything that threatens supply can spook markets and result in a price increase.

As far as why prices at gas stations rise so fast, it's because of a simple rule of retail - you're not paying for what's in the station's tank right now, you're paying for the shipment that will be coming in next week. The station has already been notified of pending increases because oil has gone up.

69% of the price of a gallon of gasoline is dictated by the cost of the oil in it.

The Economy

I hate to think what will happen to the economy if the gas prices reach $4.00+ a gallon for regular. Already people are getting hit hard by the high prices now. But at $4.00+ a gallon everything that has happen to the economy since 2008 will repeat after spring of 2011. May be much worse if there is civil war in the midde east. This will cause the high prices( $4.00+ per gal) to be long term.

gas prices

what can you do america is doing nothing to cut foreign oil loose why our president and all the scum in washington are living the welfare dream free transportation[fancy cars and plane travel] free rent and health coverage the middle ciass is just screwed

Analysts...

"Analysts are not sure when or if gas prices will go back down."

Most analysts couldn't find their a$$ with both hands in the dark. The retail price goes down when the wholesale price goes down. Pure economics. What is driving the wholesale prices now are the speculators buying/selling tanker loads of crude...just as they did the last time when panic ruled the market.

r u kidding

They will give any reason to price galuge you cause oil companies greed is keeping this county down in rescission.

Fear...uncertainty? Right.....

Okay...fine. Then how about lets show them a bit of fear and uncertainty about the next shipment of wheat, corn, rice and barley? That sand grown food they have over there is kinda hard to choke when chasing it down with sweet crude.

Actually, this whole thing is likely just another excuse to reach into the American consumers pocket. Like when a hurricane looms in the gulf, prices spike in "fear and uncertainty" of a refinery getting knocked out. Only in America, right? Oh well, so much for economic recovery...

How about the "fear and uncertainty" of an Egypt or Libya happening right here at home? People are getting tired of this crap!

Make em' eat sand and drink oil

I've said that for years. Raise food import prices equal to oil prices. We can't forget the high taxes from state a federal placed on every drop either. Washington and Raliegh have their grubby fingers in this too.

Its just an excuse for them

Its just an excuse for them to raise gas prices there is probably no need to raise them yet they figure they see a chance to get more money out of us now prices on everything else is gonna go up because people are gonna try and cover the gas expense, this is why we shouldnt rely on foreign countries

Prices of Gas

The future prices of gas went up, so why does the price at the pump goes up the next day?

Price hike in 4 hours

On the way to Boliva this morning at 8:am, Friday 02-25-2011, gas was $3.29. On the way back to Wilmington it was $3.49. That a 20 cents increase in 4 hours. How about the DA investigate that instead of two teenagers fighting in a parking lot.