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  • Highest Gas Prices in February Since 1990, Attributed to Libya Turmoil

    02/22/2011 2:22:29 PM PST · by The Magical Mischief Tour · 20 replies
    ABC ^ | 02/22/2011 | ABC
    Weekly gas prices skyrocketed, according to the Department of Energy, driven by the popular revolts spreading across the Middle East. The U.S. weekly average price per gallon is $3.19, up 54 cents from a year ago, and slightly higher than last week's $3.14. This was the highest price posted during the month of February since 1990, when the data became available. The most expensive regions again are New England at $3.23 and California at $3.56. Oil settled at $93.57 in New York trading, up 8.5 percent since Friday's close, the biggest one day jump in nearly three years years.