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How Green Gasoline Could Power the Future
Fossil fuels don't all come from fossils. Scientists now are developing gasoline that is synthesized from plants that are not so old.
This so-called green gasoline is chemically derived from sugars in corn and other grains or from cellulose found in the tough, woody parts of plants. Unlike the most common biofuel, ethanol, this new fuel requires no tweaks to a car's engine.
"It is virtually the same as gasoline from crude oil," said John Regalbuto, director of the Catalysis and Biocatalysis Program at the National Science Foundation (NSF). "It is a drop-in replacement for what you get at the pump." Fossil fuels don't all come from fossils. Scientists now are developing gasoline that is synthesized from plants that are not so ... more -
This will CHANGE your LIFE, and HELP EMPOWER you to MAKE a DIFFERENCE in ~OUR~ WO...
Zeitgeist: Addendum !!!
The video posted is a trailer for what you are about to watch.
This is one of the most powerful and informative films ever !!!!
Watching the FULL VERSION will definitely IMPACT the way you THINK and will give you the info NEEDED to understand OUR WORLD TODAY !!!!
Take the time to watch it !!!! I truly believe that we can Save our race and our planet by finding out the truth of what is going on....and THE LAST HOUR OF THE FILM IS ABOUT SOLUTIONS !!!!!!
If you doubt, or think you know about this topic.... then watch it, and then we'll debate...
Here is the Link for the FULL VERSION !!!
http://video.google.com/videoplay?docid=706520527769592... Zeitgeist: Addendum !!! The video posted is a trailer for what you are about to watch. ... more -
United Kingdom Talk Video Tuesday 7th October 2008
Tuesday's edition of my three times a week talk show.Watch the show here on CURRENT TV on Tues, Thurs & Sats.
In today's show :
It won't hurt if you talk nice.
Geezers.
Cutting down a tree.
Where's my tissues ?
I set a date to turn the heating on.
The electric blanket.
Irish banks.
Gloria's microburst.
A little slap on the hand.
James from the Matinee Show is recognized on the bus ! Huh. I can do better than that.
Wasp & credit advice from Susan.
Changing in an instant.
Julian has visitors.
Bits dropping in my mouth.
Take your podcasts in the car.
Postcards for Bracknell.
National Geographic.
Gums.
The Wizard of Oz.
A pin on the end.
Who's on Gordons lap ?
No one in the UK is allowed to use any power whatsoever.
"Fair" ? What a cheek.
chris@unitedkingdomtalk.co.uk
WWW.UNITEDKINGDOMTALK.CO.UK Tuesday's edition of my three times a week talk show.Watch the show here on CURRENT TV on Tues, Thurs & Sats. ... more -
Why your gas cost so much?
How much does oil companies make per second?
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Kangaroo farts linked to lower emissions
An offbeat suggestion that Australians should eat kangaroos instead of cattle and sheep has been given a scientific stamp of approval by the government's top climate change adviser.
The belching and farting of millions of farm animals is a major contributor to Australia's greenhouse gas emissions, Professor Ross Garnaut noted in a major report to the government on global warming.
Kangaroos, on the other hand, emit negligible amounts of methane gas.
If farmers were included in a system requiring industry to buy permits for the gas they produce, the cost of meat would rise and could lead to a change in eating habits, Mr Garnaut said in the 600-page report released today. An offbeat suggestion that Australians should eat kangaroos instead of cattle and sheep has been given a scientific stamp of approval ... more -
Lucky customers pump 35-cent gas
Attendant error had customers lined up at the Lucky Mart on Tuesday
A day after a run on a gas station where an attendant incorrectly set the pump price at only 35 cents a gallon, the owner was looking beyond the lost revenue.
"We lost about 1,000 gallons of gas and about $3,500," Mimi Zidan, owner of the Lucky Mart on Derby Street, said Wednesday. "But I don't feel too bad because the people looked so happy when they were buying gas. If I can do this for them, that's all right."
Tuesday evening, the attendant on duty at Lucky Mart on Derby Street realized something was wrong when the customers' bills added up to no more than $5 or $6 each after topping off their gas tanks.
As he struggled to deal with the hordes pouring in, he called Zidan on her cell phone. Zidan had gone out to pick up some items for Lucky Mart, which like many convenience stores also sells soda, cigarettes and snacks.
Earlier in the evening, the attendant had adjusted the gas price, which should have read $3.50 a gallon, to 35 cents. That was about 5:30 p.m. The gas pumps were not corrected until about 7:30 p.m.
During that time, people called others to tell them to rush over and buy at the phenomenally low price. The result was that the situation at Derby and South Fifth streets was totally chaotic, with traffic backed up in all directions when Zidan returned to the store. Attendant error had customers lined up at the Lucky Mart on Tuesday ... more -
Gazprom Breaks Price Records
Russia’s gas cost over $500/ths cu meters in Europe in October, which was the absolute record for Gazprom. But that record will hardly survive for long because of ailing oil prices. The analysts expect the gas to shed to $350/ths cu meters in the second quarter. Regardless, Gazprom and some experts estimate the 2009 average price to step up from $420/ths cu meters to $470/ths cu meters.
The dynamics of global price growth “surpassed expectations,” Gazprom CEO Alexei Miller announced yesterday. The cost of gas that the monopoly supplies to Europe exceeded $500/ths cu meters in October. Gazprom is forecasted to generate the foreign exchange revenues of $71.6 billion from this year’s export of gas vs. $44.8 billion posted in 2007. Of this amount, supplies to the far-abroad states will exceed $64 billion and the average price will reach $420/ths cu meters vs. $39.5 billion and $272.8/ths cu meters respectively in 2007.
But the prices of Gazprom Export foreign contracts are calculated under the formula bound to the cost of the oil product basket, mostly consisting of gas oil and oil fuel and with the delay of nine months. By mid-September, the RAR price for gas oil fell 42 percent and oil fuel dropped 58 percent vs. the July maximum, said Mikhail Korchemkin, director of East European Gas Analysis. In view of the above, Korchemkin forecasted the gas prices to sink to $350/ths cu meters in the second quarter of 2009.
People in Gazprom Export didn’t specify the average next year’s gas price for the record. But a top-ranked source in the company said “the export contract price hasn’t reached its maximum so far and its growth will continue in 2009.” Under Gazprom estimates, the price will average $469/ths cu meters. It may decline in the second quarter, the source agreed, pointing out, however, that the heating season begins and there are good reasons to expect the surge in the oil-fuel prices. Russia’s gas cost over $500/ths cu meters in Europe in October, which was the absolute record for Gazprom. But that record will hardly... more -
Truth in Advertising "Gas Signs"
real advertising could never be this honest. by Donny Miller.
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Georgia's Governor Delayed Asking For Gas Shortage Help, Goes to Europe!
Perdue Delayed Asking For Gas Shortage Help
Governor Is In Europe On Week-Long Trip
ATLANTA -- While other southeastern states were asking for help with gas shortages, Gov. Sonny Perdue waited a week before requesting a waiver freeing up extra gas for Georgia.
Officials in Kentucky asked on Monday, Sept. 15, for a waiver from the Environmental Protection Agency to lift restrictions requiring special gas. It was granted the following day.
Virginia and Tennessee also asked for similar waivers after Hurricanes Gustav and Ike struck the Gulf Coast, knocking out oil refineries.
On Sept. 22, a week after Kentucky's request, Gov. Perdue sent a letter to the EPA. The agency granted the waiver for Georgia the next day.
The waiver from the EPA lifts restrictions requiring gas stations to sell reformulated gas in metro Atlanta and other areas of Georgia.
Critics said more gas would be flowing into Georgia if Perdue had acted faster.
“By not managing this, by not reacting, not working steadily with the EPA, not having this relationship, not maintaining it, it drags until there’s another crisis and who gets hurt are the working people,” said Rep. Dubose Porter, (D) House Minority Leader.
Distributors Channel 2 talked with said they gave Perdue’s office a heads up three weeks ago that the crisis would likely happen because of a one-two punch from Hurricanes Gustav and Ike. Add to that the fact supplies are normally low this time of year as refineries switch from a summer to winter gas formula.
“This is the same pattern we’ve seen of waiting too long. There’s got to be that leadership whether it’s transportation, education or here in a gas crisis,” said Porter.
“The people who would criticize that, they don’t understand the way we’re working with the EPA. We were talking with them everyday and timing the request so we could get a positive response,” said Perdue’s press secretary Bert Brantley.
Gov. Perdue left Saturday on a week-long economic development mission to Spain, Portugal and Italy. Perdue Delayed Asking For Gas Shortage Help Governor Is In Europe On Week-Long Trip ... more -
LA artist steps on the gas (companies)
Truth in advertising: A public art campaign in Los Angeles that lampoons oil companies for mind boggling gas prices and record profits. The company branded posters were pasted up at their corresponding gas stations, each with a hand tailored message. "We're eco friendly! Just kidding, we're an OIL company," reads one of the posters strategically placed at a BP station. With prices still unlikely to drop, the South running out of gas, and shortages expected elsewhere this might be the only relief drivers can expect at the pump anytime soon. Truth in advertising: A public art campaign in Los Angeles that lampoons oil companies for mind boggling gas prices and record profits... more
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Sidewalk Connections
SIDEWALK CONNECTIONS evaluates the mentality and the consequences of urban sprawl in a medium sized midwestern/southern town in terms of poor health and car dependency where sidewalks haven't been a part of public policy for 50 years.
The town in question, Sulphur Springs, Texas, is typical of how in large parts of the US, post-war urban planning tailored life exclusively around the automobile. Today, driving everywhere has contributed to many people's over-weight problem. Children are confined to staying home unless someone can drive them to a friend's house or park, and teenagers can't wait for their first car in order to be independent from this restriction, thus creating 4-car-families.
While the national trend moves towards trying to reduce dependency on foreign
oil or going green, the reality is, in many towns, the lack of pedestrian lights, crosswalks, or sidewalks, let alone bike lanes, literally inhibits, unless very daring, the best efforts of gas-conscience citizens.
However, the film also addresses the fact that few people are demanding change from their city council and continue to cling to a car-culture. The young characters in the video petitioning to get their skate park is meant to be an example to the larger adult community about getting involved and making change. SIDEWALK CONNECTIONS evaluates the mentality and the consequences of urban sprawl in a medium sized midwestern/southern town in terms ... more -
Terrorism Strikes Dayton, OH
DAYTON — Baboucarr Njie was preparing for his prayer session Friday night, Sept. 26, when he heard children in the Islamic Society of Greater Dayton coughing. Soon, Njie himself was overcome with fits of coughing and, like the rest of those in the building, headed for the doors.
Njie was one of several affected when a suspected chemical irritant was sprayed into the mosque at 26 Josie St., bringing Dayton police, fire and hazardous material personnel to the building at 9:48 p.m.
Someone "sprayed an irritant into the mosque," Dayton fire District Chief Vince Wiley said, noting that fire investigators believe it was a hand-held spray can.
Wiley would not discuss that report, but said the investigation has been turned over to police. Police were not commenting.
The 300 or so inside were celebrating the last 10 days of Ramadan with dinner and a prayer session, but the prayer session was interrupted so those suffering from tearing, coughing and shortness of breath could receive treatment.... DAYTON — Baboucarr Njie was preparing for his prayer session Friday night, Sept. 26, when he heard children in the Islamic Society of ... more -
Top 10 Energy Questions for the US Senate
The Institute for Energy Research (IER) submitted the following ten questions for Judiciary Committee members who participated in the hearing:
1. Do you understand the fundamental economic principle of supply and demand for commodities pricing in the oil market?
2. Oil is a global commodity, bought and sold on the world market. Given that the nine largest private oil companies hold less than 5% of the entire world’s proven oil reserves, isn’t it more likely that the law of supply and demand is “manipulating” current prices than the five corporations represented at your witness table?
3. As a U.S. senator, you have control over oil production on U.S. federal government lands. Taxpayers own these lands and the energy that lies beneath them, but 97% of the federal OCS and 94% of onshore government lands are not being used. Are you willing to help increase the world’s supply of oil -- and thus reduce the price of oil and gasoline -- by allowing more U.S. energy to be produced from these lands?
4. The corporations represented at the hearing today produce roughly two million barrels of oil per day in America, for American consumers, with an American workforce. How many barrels of American oil, based on Energy Information Administration (EIA) estimates, have each of you voted to produce?
5. How often have each of you voted against supplying American consumers with 10.4 billion barrels of oil from ANWR, 85 billion barrels of oil from the Outer Continental Shelf (OCS), and 2 trillion barrels of oil shale in the West?
6. For those of you who have voted to restrict American energy supplies, especially during periods of increased demand, how are your actions any different than those that you have frequently ascribed to OPEC?
7. The sum of the American resources noted in question five is 2.095 trillion barrels of oil. The total proven oil reserves in the entire world is 1.3 trillion barrels. Which number is bigger?
8. As the gap between supply and demand expands, oil prices increase, and oil company profits rise. What’s the best way for oil company executives to send the entire U.S. Congress a “thank you” note for keeping energy supplies down and corporate profits up?
9. At today’s prices, the United States is sending $1.5 billion overseas -- per day -- to import oil from foreign countries. Do you think it would be a good idea to spend at least a fraction of that sum producing oil here in the United States?
10. When was the last time you filled up your own gas tank? The Institute for Energy Research (IER) submitted the following ten questions for Judiciary Committee members who participated in the ... more -
Atlanta Running Empty On Gas
After passing by six stations that were bone-dry empty, and almost running out of gas myself, I decided to pull out the camera. Twenty minutes of driving later, I finally found a gas station that had fuel...and a decent-sized line...at almost midnight. The station that I had stop to fuel up at had posted a sign on each fueling bay requesting customers to limit their purchase to a maximum of $50.00 of fuel. On my ride home, I passed one other station, that also had fuel, which happened to be a QT station...which also had a substantial line, especially for the time of day (almost midnight). Just out of curiousity, I stopped in at a BP on Pharr Road and talked to the clerk briefly, who said the fueling trucks that usually stop to refill the stations on a daily basis had not serviced their particular location in three days and that there was no definite date in the future when their station would receive fuel. He also commented that in-store sales of snacks and other items were significantly impaired, which made my purchase of a cold caffeinated beverage the quickest and easiest it has ever been. As I continued to talk with the cashier, the station's phone rang, a potential customer on the other line who was calling to see if the station had fuel. "Nope" was the answer, followed by an apologetic sorry. On the way out, an Atlanta police officer pulled in in his vehicle, I think, looking for gas...of which he found none at that location. Interesting night. I made it home, with my $50.00 of fuel. Probably use the bike tomorrow, and for awhile thereafter. Tomorrow morning should be interesting at the pumps, knowing Atlanta, the place where the grocery shelves are usually cleared on the mere "threat" of snow during our excruciatingly cold and harsh winters (sarcasm emphasized here).
CREDITED WEBSITE: [ http://www.ireport.com/docs/DOC-92185] After passing by six stations that were bone-dry empty, and almost running out of gas myself, I decided to pull out the camera. Twenty... more -
Driving While Interrogated
When Mike is driving, you never know whats going to happen.
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The 65-mpg car Ford won't sell in US
If ever there was a car made for the times, this would seem to be it: a sporty subcompact that seats five, offers a navigation system and gets a whopping 65 miles to the gallon. Oh, yes, and the car is made by Ford Motor (F, news, msgs), known widely for lumbering gas hogs.
Ford's 2009 Fiesta ECOnetic goes on sale in November. But here's the catch: Despite the car's potential to transform Ford's image and help it compete with Toyota Motor (TM, news, msgs) and Honda Motor (HMC, news, msgs) in its home market, the company will sell the little fuel sipper only in Europe.
"We know it's an awesome vehicle," says Ford America President Mark Fields. "But there are business reasons why we can't sell it in the U.S." The main one: The Fiesta ECOnetic runs on diesel.
Automakers such as Volkswagen and Mercedes-Benz have predicted for years that a technology called "clean diesel" would overcome many Americans' antipathy toward a fuel still often thought of as the smelly stuff that powers tractor-trailers.
Diesel vehicles now hitting the market with pollution-fighting technology are as clean as, or even cleaner than, gasoline-powered cars, and they are at least 30% more fuel-efficient.
Yet while half of all cars sold in Europe last year ran on diesel, the U.S. market remains relatively unfriendly to the fuel.
Taxes aimed at commercial trucks mean diesel costs anywhere from 40 cents to $1 more per gallon than gasoline. Add to this the success of the Toyota Prius, and you can see why only 3% of cars in the U.S. use diesel.
"Americans see hybrids as the darling," says Global Insight auto analyst Philip Gott, "and diesel as old tech."None of this is stopping European and Japanese automakers, which are betting they can jump-start the U.S. market with new diesel models. Mercedes-Benz by next year will have three cars it markets as BlueTec. Even Nissan Motor (NSANY, news, msgs) and Honda, which long opposed building diesel cars in Europe, plan to introduce them in the United States in 2010.
But Ford, whose Fiesta ECOnetic compares favorably with European diesels, can't make a business case for bringing the car to the United States.
First of all, the engines are built in Britain, so labor costs are high. Plus the pound remains stronger than the greenback. At prevailing exchange rates, the Fiesta ECOnetic would sell for about $25,700 in the United States.
By contrast, the Prius typically goes for about $24,000.
A $1,300 tax deduction available to buyers of new diesel cars could bring the price of the Fiesta to around $24,400. But Ford doesn't believe it could charge enough to make money on an imported ECOnetic. If ever there was a car made for the times, this would seem to be it: a sporty subcompact that seats five, offers a navigation system ... more -
Obama says McCain would gamble with retirement funds
DAYTONA BEACH, Florida (Reuters) - Democrat Barack Obama accused Republican presidential rival John McCain on Saturday of wanting to gamble with the retirement savings and health care of Americans by subjecting them to the uncertainty of open markets.
As the government prepared another costly bailout of the reeling U.S. financial system, Obama said McCain's support for privatizing Social Security and opening up the health care system to market forces would put Americans at financial risk.
He attacked McCain for supporting some privatization of Social Security retirement funds, a proposal President George W. Bush made a centerpiece of his 2004 White House campaign but was unable to push through Congress.
"I know Senator McCain is talking about a 'casino culture' on Wall Street -- but the fact is, he's the one who wants to gamble with your life savings," Obama said at a rally in Daytona Beach in Florida, a state with a large population of seniors and retired workers.
"That is not going to happen when I'm president," the Illinois senator said, asking the crowd to imagine the fears of retirees who found their Social Security funds tied to the current market.
"We're not going to gamble with your ability to retire with dignity after a lifetime of hard work. We're going to strengthen and protect Social Security so it's a safety net our families can count on -- today, tomorrow and always," he said.
The latest political skirmishing came as the Bush administration readied a $700 billion financial markets rescue plan for Congress that would almost certainly restrict the agenda and limit the number of costly programs advocated by whoever becomes the next president.
The turmoil on Wall Street recently has dominated the campaign for the November 4 presidential election, with McCain and Obama trading attacks over who offered the best economic approach. Continued... DAYTONA BEACH, Florida (Reuters) - Democrat Barack Obama accused Republican presidential rival John McCain on Saturday of wanting to g... more -
Iran vows to block any attack
TEHRAN (Reuters) - Iran will stop any attacker before he can "pull the trigger" and sanctions intended to isolate the Islamic Republic have not worked, President Mahmoud Ahmadinejad told a military parade on Sunday.
The United States and its allies are seeking to step up U.N. sanctions on Iran over its disputed nuclear plans, which the West says a bid to build nuclear arms. Iran denies this.
There has been persistent speculation Washington or Israel might launch strikes on Iran's nuclear sites, as neither country has ruled out military action if diplomacy fails to end the row.
"If anybody dares to offend the boundaries of the Iranian nation, the Iranian nation's holy land and Iran's legal interests, our armed forces ... will break his hand before he can pull the trigger," Ahmadinejad said.
He was speaking at a parade broadcast live on state television to mark the start of the Iran-Iraq war in September 1980. Hundreds of troops then marched in formation in front of the president's podium.
"Today, Iran is not in a position to show even the smallest flexibility against the bullying of the enemies. History has shown that those who wish ill for Iran will gain nothing but regret," he said.
"The enemies of humanity ... had imagined that by military attack and economic and scientific sanctions they could break down our revolution and our nation," he said, adding that Iran's enemies had "lost hope".
Iran, the world's fourth largest oil producer, says it wants to master nuclear technology to make electricity so it can preserve more of its vast oil and gas reserves for export.
But its failure to convince world powers of its peaceful intentions has prompted three rounds of limited U.N. sanctions. Washington is pushing for a fourth, but China and Russia -- two of the five veto-wielding council members -- are reluctant. Continued... TEHRAN (Reuters) - Iran will stop any attacker before he can "pull the trigger" and sanctions intended to isolate the Islami... more -
Gas prices to surge after Pelosi legislation - Get ready to pay more!
Liberals Say Drilling Is Not The Solution... That Drilling Will Not Bring Relief At The Pump For Ten Years… But Prices Started Coming Down Immediately When We Simply Started Talking About Drilling!
When President Bush urged Congress to lift the moratorium on domestic drilling just two months ago, oil was trading at approximately $145 per barrel.
The price of oil took a nose-dive that very day and has dropped to under $100 dollars per barrel. Take a look at the following graph from Americans for Prosperity, and the price of oil is even lower today.
And prices at the pump have dropped across the country as well.
Make no mistake, the drop in price can be attributed in large measure to market reaction over the possibility that the United States may actually increase domestic drilling.
In other words, merely "talking" about domestic drilling has given us relief at the pump -- without a drop of oil actually being brought to market!
The only question that remains is how low can the price of gasoline at the pump go in the foreseeable future if Congress gives us REAL ENERGY LEGISLATION?
Technically, Pelosi's bill does allow drilling, but simply put, Pelosi's "sham" only allows us to drill WHERE THERE ISN'T ANY OIL. In fact, it actually PROHIBITS US FROM DRILLING WHERE THERE IS OIL!
The Institute for Energy Research calls the Pelosi legislation a "bait and switch":
"According to news reports, the Speaker of the House has unveiled a new energy proposal. It’s described as a compromise that would lead to more offshore energy production. Based on the bill summary, however, the plan appears to be more of a 'bait and switch' that won’t do much of anything to bring new energy supplies to market for a long, long time."
The Institute for Energy Research also states:
"A permanent ban out to 50 miles locks-up the largest known offshore energy reserves, including those off the coast of California, that are close to existing infrastructure and [can] be produced the fastest." [Emphasis Mine]
But that's not all! The Institute for Energy Research also states:
"The plan permanently bans access to 97 percent of the 10.527 billion barrels off the coast of California. It allows the State to decide whether to produce just 3 percent, or 287 million barrels, which is highly unlikely anyway. The remainder…10.24 billion barrels…is off limits." [Emphasis Mine]
"Keeping the Eastern Gulf of Mexico off limits also denies access to large reserves located close to existing pipeline infrastructure. The plan keeps an estimated 3.65 [billion] barrels of oil and 22 trillion cubic feet of natural gas off limits. [Emphasis Mine]
"The offshore areas surrounding the State of Alaska are not currently subject to any bans. This plan appears to institute a 50-mile ban around energy-rich Alaskan shore for the first time ever . Energy exploration there is just beginning. [Emphasis Mine]
"While the plan enables the states to 'opt in' and produce energy between 50 and 100 miles, it lacks a revenue sharing mechanism, thereby making it highly unlikely that state would chose to do so... Denying the states this incentive effectively prevents new production." [Emphasis Mine]
The American people are not fooled and REFUSE to be held hostage by "sham legislation." The American people know that this Pelosi "sham" will only PROHIBIT domestic drilling and raise taxes on average Americans!
Tell them that the American people are not fooled and REFUSE to be held hostage by "sham legislation." The American people know that this Pelosi "sham" will only PROHIBIT domestic drilling and raise taxes on average Americans!
Tell them that "drill here and drill now" means just that. The American people expect them to stand firm AGAINST "smoke and mirror" legislative plans and to get busy passing REAL energy legislation that will lower the price of gasoline at the pump and decrease our dependence on foreign oil! Liberals Say Drilling Is Not The Solution... That Drilling Will Not Bring Relief At The Pump For Ten Years… But Prices Started Coming ... more -
Gas prices up 38% from last year
NEW YORK (CNNMoney.com) -- Gas prices edged higher, rising for the eighth straight day, according to a nationwide survey of credit card swipes at gasoline stations.
The average price of unleaded regular rose 0.1 cent to $3.855 a gallon, according to the survey released Wednesday by motorist group AAA.
That followed increases of 1 cent on Tuesday, 4.7 cents on Monday, 5.8 cents Saturday and 6.2 cents Sunday. Sunday's jump marked the biggest one-day spike for gas prices since Hurricane Katrina hit the Gulf Coast in 2005.
Hurricane Ike slammed into Texas early Saturday, shutting down the heart of the nation's refinery operations. Crude prices have been trending lower amid weakening demand and in response to the recent slew of storms and hurricanes.
On Tuesday, oil prices tumbled to a seven-month low as the crisis on Wall Street spooked a market already skittish about a globals slowdown. Oil prices have plunged more than $10 a barrel over the past two days.
Meanwhile, drivers had just started breathing a sigh of relief as gas prices appeared to be moving further and further away from the record high price of $4.114 a gallon set July 17.
But gas prices have now gained for eight days in a row. While prices remain 6.3% down from the July high, they are still up $1.06, or 38%, from a year earlier.
Eleven states reported gas prices above $4 a gallon in the AAA survey: Alaska, Alabama, Georgia, Hawaii, Illinois, Indiana, Kentucky, Michigan, North Carolina, South Carolina, Tennessee. NEW YORK (CNNMoney.com) -- Gas prices edged higher, rising for the eighth straight day, according to a nationwide survey of credit car... more
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