Posted on 03/09/2010 8:21:11 AM PST by Willie Green
Drivers are well down the road to higher pump prices as warmer weather and the driving season approach.
Average retail gasoline prices, continuing a surge that started last month, have now matched their 2010 high on the way to prices that many analysts believe will top $3 per gallon this spring.
The nationwide average retail gasoline price rose 0.6 cents Monday to $2.753 per gallon, virtually identical to the high for the year of $2.7583 reached Jan. 14, according to AAA, Wright Express and Oil Price Information Service.
Prices have risen 9.2 cents in the past month and are 80.6 cents higher than a year ago.
The jump in retail prices follows an increase in wholesale gasoline prices. April contracts on the New York Mercantile Exchange rose 1.82 cents to settle at $2.2892 per gallon.
An 18 percent rise in oil prices over the past month that pushed crude near a 2010 high of $83.95 per barrel is also boosting gasoline prices.
(Excerpt) Read more at lvrj.com ...
Goldman Sachs is getting ready to bump oil futures again........
It’s already $3.03 a gallon here ...
Gas prices not getting the press they got 2 years ago...
gotta give the Democrats a reason to rail against “greedy speculators”, dontcha know
Must be because they're low if you take into account the fact we have Barry Carter Jr in the White House...
prediction: Gas prices will fall below $2 a gallon during the first week of April, then rise again the following week. Everytime we drive to FL we get lucky and prices go down. Ha!
Where is my deflation? I want my deflation!
35 years of idiocy applied to energy exploration and development. Our government has made a sustained effort to restrict production. Even when the GOP has attempted to expand energy production the rats and RINOs band together to block the effort. As long as they swallow the radical enviro line this will continue.
Leftists are the enemies of this nation. Strangulation of the economy through energy regulations is one of the methods they use to bring the country down and they are succeeding.
I’ve got three dollars a gallon NOW.
It’s that damn Bush and his oil crony buddies, I tell you! /s
If gas goes up much more you can forget about any recovery. Not that I think we are going to have a recovery anyway, but this is the death knell to the economy.
“Gas prices not getting the press they got 2 years ago...”
What a shocker. That said, higher gas prices are something people experience everyday: they don’t need MSM to tell them what’s going on. For that reason, higher gas prices don’t bode well for Dems in next fall’s election. Of course, given their already-dim prospects, this may simply be akin to adding one more log to a bonfire.
zero wants $7.00 per gallon.
They’ve been over $3 a gallon here in Fairbanks probably since September 11, 2001.
A buddy of mine in Greece said gas there was $9.00 a gallon and their sales/VAT tax is going from 19% to 21%.
obama and crew won’t be satisfied until we match that.
This is impossible. Helicopter Ben tells us that infinite monetary easing will not create inflation or asset price bubbles.
Everyone take the mag lev train!
You might be right, but the biggest factor in oil prices over the years has been the strength or weakness of the U.S. dollar. I track the dollar against a number of other currencies on a regular basis, and it looks weaker now than it has been in some time.
Yes. They are hitting us from many sides at once.
$3.09 here
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