Monday, January 11, 2010

Three Dollar Gas Is Back

Gas prices have staged an almost summer-like rally on cold temps in the U.S. as oil prices have shot up from $70 to close to $85 a barrel and are rallying as the dollar continues to weaken.
Gas prices continued to climb higher, rising for a fifth consecutive day and coming closer to $3 a gallon.

The average cost of a gallon of regular gasoline rose slightly on Sunday to $2.747, from $2.743 the day before, according to motorist group AAA. Nationwide, gas prices have increased eight cents over the last five days.
In fact around Kentucky and Ohio, gas prices have shot up by about 20 cents a gallon in the last three weeks.  $3 a gallon gas in the spring does not bode well for the summer or for the economy recovering.  It's also going to be another problem the Dems are going to get blamed for.

1 comment:

Paul W. said...

Expect belief in climate change to return in the summer, people will again perceive the globe to be warming, look at their gas bills and then cry to Sarah "Dry, baby, drill!" (not caring that new wells wouldn't be fully operational for a decade, and wouldn't cut gas prices by more than a few cents).

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