Gas prices hit all-time high for February

Reported by: Katherine Underwood

Videographer: K. Mahoney
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Updated: 2/19 8:49 pm
Gas prices have hit an all-time high for this time of year.

The national average for a gallon of regular is now $3.53 and experts say the national average could hit four dollars by May.

Here in the Capital Region, we are already paying an average of $3.82.

For drivers, the visit to the gas station gets more frustrating by the day.

“I looked at it yesterday and it was $3.79,” said Guilderland resident Vivell Perez.

“They’re going up two cents every couple days,” said Bob Paigo of Gloversville.

Gas prices have spiked 25 cents since the beginning of January, hitting a record high for this time of year.

“It’s just getting terrible, I can’t imagine what’s going to happen in the summertime,” Perez said.

Well, why wait till summer?

Experts say by May, we could be paying $4.25 for a gallon of gas.

“Oh my gosh that's a lot, it’s going to be hard,” said Kristina Zabinski of Guilderland who travels about 350 miles a week for work.

She says she fills up every four days at $85 a pop.

“You have to drive so you just have to do it,” Zabinski said.

Paigo agrees, he spends about $60 to fill his tank.

“I have to fill up every two or two and a half days,” Paigo said.

Like many drivers, the price at the pump has got him thinking of some money-saving lifestyle changes.

“I am either looking at a motorcycle or something small,” he said.

“I am going to have to buy a bike,” Perez said laughing.

“We're going to have to do less traveling,” said Steven Rodriguez of Guilderland.

Experts say these higher gas prices could hurt consumer spending and some much-needed economic growth.

March and April are typically the months when we see the sharpest increases and it looks like this year will be no different.

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