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Crude oil prices soaring, resulting in big jump at the pump

Soaring gas prices seen across nation
Posted at 12:57 PM, Oct 18, 2021
and last updated 2021-10-18 14:04:27-04

CORPUS CHRISTI, Texas — Crude oil surpassed $82 a barrel in trading on Friday.

That's the highest price for crude since October 2014.

The rising prices are being felt at the pump.

According to Triple-A Texas, the average price for a gallon of gas in Corpus Christi is at $2.89 a gallon this morning.

At this time last year, it was $1.91.

That's a jump of 51.3 percent.

The price of oil is determined by both demand and how much producers supply to the market.