Gas Prices Continue Rise, Approach $4 A Gallon
AAA reported today that the price of gas had reached a national average of $3.79 per gallon for regular grade, a $0.29 jump over the last 2 weeks, and nearly $1 higher than the same time last year.
Former president of Shell Oil John Hofmeister predicted that American could be paying $5 per gallon by 2012.
Drivers are already altering their habits. Data from MasterCard's Spending Pulse showed fuel consumption down 3.6% in the week ending April 1st.
The average price for a gallon of gas reached a peak of $4.11 on July 17, 2008.
Oil is trading down 3.42% to $106.16 per barrel.
Showing posts with label AAA. Show all posts
Showing posts with label AAA. Show all posts
Tuesday, April 12, 2011
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