Community | February 12, 2011 | 8 comments

Gas pump prices highest ever for this time of year

source: http://news.yahoo.com/s/ap/20110212/ap_on_bi_ge/oil_prices

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NEW YORK – U.S. gasoline prices have jumped to the highest levels ever for the middle of February. The national average hit $3.127 per gallon on Friday, about 50 cents above a year ago.

The price is about 6 percent higher than on this date in 2008. The next day, pump prices began a string of 32 gains over 34 days. They rose 39 percent over five months, eventually hitting an all-time high of $4.11 per gallon in July.

Although gas prices are expected to rise, most experts aren't expecting a reprise of 2008, when the price spike forced many drivers to join car pools and trade in gas-guzzling SUVs for fuel-efficient cars.

More at:

http://news.yahoo.com/s/ap/20110212/ap_on_bi_ge/oil_prices
  1. groups:
    Community,   Business News & Analysis,   Economy,   US Economy
  2. tags:
    Economy,  Oil,  US Economy,  Gas,  1 more
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