Monday, June 17, 2013

Latest news, weather, high school sports for Michigan’s Upper Peninsula

Gas prices spike
Posted: 11.05.2010 at 4:24 PM
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MARQUETTE -- You may have noticed it already, gas prices have soared, and they may be creeping over three dollars a gallon in the next day or so.

What reason is there for such drastic increase?  First, a fire at a refinery in Illinois, and second, the move by the Federal Reserve this week to pump $600 billion into the economy.

That drives down the value of the dollar and frequently increases prices.

Stations in Marquette Friday afternoon were selling unleaded for $2.98 a gallon.  For a more extensive look at gas prices in your area, check out our Pump Patrol page. 

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