Monday 19 March 2012

Gas prices keep going up,,,. and up


The bit about the "improving economy" and the stock market is good for a laugh.
Gas prices up for 9th straight day
18 March, 2012

NEW YORK (CNNMoney) -- The national average price for a gallon of gasoline rose for the ninth straight day on Sunday to $3.838. That is now only about 6.7% below the record high of $4.11 from July 2008.

The average price rose by three-tenths of a penny, according to the survey of gas stations conducted for the motorist group AAA. Gas prices are now up more than 17% this year.

The nationwide average was $3.52 a gallon a month ago and $3.76 a gallon on March 9 -- the day that prices started rising again after a few days of slight declines.

Gasoline averages more than $4 a gallon in seven states: Alaska, California, Connecticut, Hawaii, Illinois, New York and Washington. Gas prices are also above $4 a gallon in the District of Columbia, according to AAA. At nearly $4.48 a gallon, Hawaii ranks as the nation's high. Prices are less than a dime away from $4 a gallon in Michigan, Nevada, Oregon and Wisconsin.

Wyoming has the nation's lowest gas prices, averaging slightly above $3.40 a gallon.

Gas prices have been rising on the back of soaring oil prices, which have shot up more than 5% over the past month amid fears that tensions with Iran will lead to an all-out war that causes a disruption in oil supplies.

Signs of an improving economy have also boosted oil prices, as has the stock market, which hit multi-year highs this week.

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