Destin -- Gas prices have been inching higher along the Gulf Coast, and in Destin it’s already exceeded $4 a gallon.
For many drivers it’s their biggest nightmare, $4 a gallon gasoline. In Destin, several gas stations are advertising prices slightly above $4, which is higher than the national average of $3.88 a gallon. Gas prices rose by 24% in the last twelve months. Those higher prices are pinching many local drivers in the wallet during the busiest time of the year, Spring Break.
“We put aside a good amount of money for gas and we kind of estimated it by how much the gas was in Arkansas and we weren’t expecting it to be almost 40 cents more here so I guess we’re going to be alittle over budget going back definitely” said Britney Moss, Arkansas.
The surge in prices has caused many people to pay closer attention to gas billboards to save a few pennies.
“We did budget higher for our gas with the gas prices being up, but we were hoping they stay under the $4 mark” said Denise Schan, Missouri.
Studies show Americans are driving less, but other countries like China are driving more, which increases demand for gas and consequently the overall price. However, not everyone is feeling the pain at the pump, Sebastian Granada rides his $35 bicycle around town and bypasses the gas station. He says it was a worthwhile investment.
“$35 bucks for three months, it’s about 10 cents each day, if you think about money and they are paying about $35 bucks just for half a tank” said Sebastian Granada.
Experts say the national average for a gallon of gas can reach as high as $4.25 a gallon by late April.