Posted on 04/18/2006 9:32:47 AM PDT by M. Espinola
WASHINGTON - A big jump in gasoline prices pushed inflation at the wholesale level up in March at the fastest pace in three months, as oil prices above $70 a barrel sent consumers a high-octane warning of expensive fuel costs ahead.
The Labor Department reported that wholesale prices rose by 0.5 percent in March following a 1.4 percent decline in February, which had been the largest drop in nearly three years. The March increase was slightly worse than the 0.4 percent rise that Wall Street had been expecting and was driven by a 9.1 percent surge in gasoline prices, the biggest one-month gain since November 2004.
(Excerpt) Read more at mercurynews.com ...
2.88 here in Northern Michigan.
Guess if everything else is going to rise in price its time for all the workers to get a cost of living raise!(yeah right)
Right now we are still in the war of words stage with Iran. Hurricane season does not reach its destructive worst for three or four months.
Before this coming summer is over, contingent on tangible crude oil "shortages" resulting from Iran's irrational terrorist actions in the Persian Gulf region, coupled with any hurricane damage to the US oil & natural gas national infrastructure, energy prices could double - again.
But Americans keep driving their big stupid hummers!
Let it ride.........
Go back to France...
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