Gas prices continue their steady climb

Rising gas prices

MYRTLE BEACH, SC (WMBF) - Prices at the pump are higher and drivers should not expect relief any time soon.

The Lundberg Survey states the average price for a gallon of gas went up 12.69 cents a gallon in the past two weeks.

The price is up more than 60 cents since Jan. 11 and there are several reasons why. For one thing, the price of crude oil has increased.

Also, production is down because many refineries are going through both planned and unplanned repairs. In addition, there's an ethanol shortage from Midwest flooding, as well as transitioning to costlier “summer blend” gasoline.

As refinery repairs are finished, and as the U.S. imports ethanol from Brazil, gas prices should peak and then start to fall.

Click here for a list of where to find the 10 lowest gas prices in the area.

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