Posted on 08/15/2005 6:06:24 AM PDT by BulletBobCo
CNN) -- Gas prices surged 20 cents over the past three weeks to an all-time high of $2.50 per gallon of self-serve regular, according to a national survey.
The price surge "does smash the all-time record high for the third time this year," Trilby Lundberg, publisher of the Lundberg Survey, said Sunday.
"Crude oil has caused this jump at the pump," she said of the survey, taken August 12 at about 7,000 gas stations in every state.
"And even at the current record-breaking pump prices, gasoline demand, while not galloping, is still growing."
Oil prices rose to record highs of $67 a barrel Friday, amid concerns that demand was straining the world's capacity to pump and refine crude oil. (Full story)
Lundberg noted that if the crude oil supply remains undisrupted, "the gasoline price surge itself will probably be ending soon, if it has not already."
"Our demand for gasoline is always highest for June, July and August," she said of the summer months, when families typically take vacations. She said gasoline demand is expected to taper off after August.
(SNIP)
Though a record in absolute terms, the price is still well shy of a record, if adjusted for inflation. The peak price would have been set during the Iranian revolution in March 1981, when a gallon of gas cost about $3 in today's dollars, Lundberg said.
(Excerpt) Read more at cnn.com ...
a 4.2 liter 6 is around 258 cubic inches.... but I thought that they were either 4.1 or 4.3 liters. 4.1 is the Buick v6, based on the same design as the 3.8 v6 but with 4bbl carb, maybe fuel injection depending on year 4.3 is a chevy design-all of them i know of were EFI, but they are essentially a 350 chevy with 2 cylinders cut off. The 307 is pretty good on gas. mine is not as good because 1 its a wagon and 2 it is not totally stock (dejunked and not in completely perfect tune), but they have been good for 28-30 mpg in some vehicles.
My service station said they would not do the annual inspection on carbureted cars anymore, so I am okay on that.
Those were the good old days.
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