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NEWBIGTECH

All it takes is some grains of faith And a few kilowatts of sweat and grace
Articles Posted: 187  Links Seeded: 1460
Member Since: 5/2010  Last Seen: 5/15/2012

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Gas prices are rising fast. - mcall.com

Seeded on Wed Feb 15, 2012 12:21 PM EST
Read ArticleArticle Source: Top News
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Seeded by Newbigtech
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At the moment, the national average stands at $3.51, up from $3.48 a week ago, according to an AAA report, which gets its figures from prices compiled by the Oil Price Information Service.

The average in Pennsylvania is even higher: $3.63. According to GasBuddy.com, the cheapest gas in the Allentown area as of Tuesday was $3.49, at USA Gas on Tilghman St.

"This definitely sets the stage, potentially, for much higher prices later this year," said Brian L. Milne, refined fuels editor for Telvent DTN, a commodity information services firm. "There's a chance that the U.S. average tops $4 a gallon by June, with some parts of the country approaching $5 a gallon."

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  • Public Discussion (2)
Steven of Coulterville

Last week, I filled my friend's gas tank and was pleasently surprised at how cheap the gas was. I'd seen all these reports of high gas prices, and had assumed the prices would be ridiculous. I put 9.28 gallons into her economy car's tank, and it cost me $33.80. That works out to roughly $3.64/gallon.

In point of fact until the price of gas hits about $4.50 or so, I won't even be concerned. See, I don't really drive all that much, despite the trip to the grocery store being a 90-mile round trip; I only go once a month, on average.

    Reply#1 - Wed Feb 15, 2012 4:30 PM EST
    Roy Batty

    Why are prices going up when demand is going down? Speculators.

      Reply#2 - Wed Feb 15, 2012 5:05 PM EST
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