As predicted, gasoline prices in the St. Louis area and across the country are on this rise as Hurricane Gustav moves closer to the oil fields and refineries along the Gulf Coast.

The AAA and the Oil Price Information Service was reporting this morning that the average price of a gallon of regular-grade gasoline in St. Louis was $3.50, up from $3.296 on Wednesday. Prices in Metro East generally are higher than the St. Louis number due to higher taxes.

Gasoline prices had been dropping this month. However, earlier this week the Associated Press reported that gasoline prices were expected to rise as Gustav threatened the Gulf Coast.

In Saturday’s Post-Dispatch, energy beat reporter Jeffrey Tomich will try to explain the yo-yoing prices and what we might expect in the coming days.

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Did you fuel up for Labor Day already?