Gas Prices Rising And It Will Get Worse

Thursday, February 24, 2011

Drivers likely noticed it on their way home from work Thursday night. Gas jumped to $3.49 a gallon all over the Twin Cities. Just Wednesday, a gallon of regular unleaded cost $3.29.

Unfortunately, David Vang, a finance professor at the University of St. Thomas, doesn’t think $4 is far off. He thinks it’s possible this summer.

Vang says it has the most to do with the Middle East as the unrest that started in Egypt rolls into Libya.

In a bit of good news, Vang doesn’t believe the price of gas will be enough to threaten a still shaky economy.“I don’t see something like this really knocking us off track,” Vang said.

Read more: http://www.stthomas.edu/bulletin/2011/02/28/ust-in-the-news-345/

Originally published: 02/24/2011, WCCO-TV