Posted: Saturday, February 4, 2017. 10:39 a.m. CST.
By BBN Staff: Drivers all across the country are feeling the effects of a recent increase in the cost of fuel.The price increase took effect on Thursday bringing the cost of Premium gasoline to $10.36 a gallon, up 44 cents. Regular fuel went up by 11 cents per gallon, making the new price $9.68; while Diesel went up by 15 cents per gallon, bringing the new price up to $9.03.
According to Financial Secretary Joe Waight, the increase is due to increased acquisition costs and is not the result of any tax increase.
International firms, including the World Bank and the Wall Street Journal predict that global fuel prices will increase several more times before the end of 2017.
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