Motorists in our area have been seeing the price of gasoline climb lately. The cost has risen well over 20-cents a gallon at most stations over the past month. So we contacted the Illinois Petroleum Marketers Association to see what is driving the higher prices.
Bill Fleischli, Executive Vice President of the Association, says there are several reasons gas prices are climbing…
Fleischli adds the recent hurricanes are also impacting the prices….
Fleischli notes many people are unaware that when the Illinois General Assembly increased the income tax this summer they also eliminated a sales tax incentive on ethanol-based fuels. And now lawmakers are considering even higher taxes on gasoline according to Fliesly…
The Illinois Petroleum Marketers Association Vice President says he can only speculate about what gas prices will do this winter…
Fleischli adds usually gas prices rise heading into the Thanksgiving and Christmas holiday period, and then tend to drop a little before rising again in the spring. His comments were made during an interview with VermilionCountyFirst.com News on Monday.
[Note: Just click on the small triangles on the left to listen to the audio.]
