Gallon of gas at $3.76 average

Rick Moran
Maybe we could put wind turbines on top of our cars. Or figure out a way to use plutonium to power an auto. Maybe someone will invent a decent solar powered vehicle.

Whatever - someone better do it quick before gas stations start selling mink coats and fine china along with gas since the only people who will be able to afford it are the rich:

The average price for a gallon of gasoline in the United States has moved closer to $4, jumping more than 19 cents since mid-March to a level less than 10 percent below its all-time high, a widely followed survey said on Sunday.The Lundberg Survey said the national average price of self-serve, regular unleaded gas was $3.765 on Friday, up from $3.573 on March 18, and up 91.3 cents from $2.852 a year ago.

Prices in several western U.S. cities are already above $4 per gallon, led by San Francisco at $4.13. Chicago was close behind at $4.11 a gallon, the survey said.

The national average would have been higher had refiners and retailers not resisted passing on rising crude oil prices as customers grow less willing to pay what it takes to fill their gas tanks, analyst Trilby Lundberg said in an interview.

"Demand has been falling at these prices," she said.

The record high average pump price is $4.112 set on July 11, 2008. Lundberg tracks roughly 2,500 gas stations.

The price of a barrel of oil is up to $112 bbl. If you think that's fun, wait until later next month when the summer driving season kicks in. I'd tank up right now if you're planning on going anywhere Memorial Day weekend. You might have to pawn your first born to afford the trip.



Maybe we could put wind turbines on top of our cars. Or figure out a way to use plutonium to power an auto. Maybe someone will invent a decent solar powered vehicle.

Whatever - someone better do it quick before gas stations start selling mink coats and fine china along with gas since the only people who will be able to afford it are the rich:

The average price for a gallon of gasoline in the United States has moved closer to $4, jumping more than 19 cents since mid-March to a level less than 10 percent below its all-time high, a widely followed survey said on Sunday.

The Lundberg Survey said the national average price of self-serve, regular unleaded gas was $3.765 on Friday, up from $3.573 on March 18, and up 91.3 cents from $2.852 a year ago.

Prices in several western U.S. cities are already above $4 per gallon, led by San Francisco at $4.13. Chicago was close behind at $4.11 a gallon, the survey said.

The national average would have been higher had refiners and retailers not resisted passing on rising crude oil prices as customers grow less willing to pay what it takes to fill their gas tanks, analyst Trilby Lundberg said in an interview.

"Demand has been falling at these prices," she said.

The record high average pump price is $4.112 set on July 11, 2008. Lundberg tracks roughly 2,500 gas stations.

The price of a barrel of oil is up to $112 bbl. If you think that's fun, wait until later next month when the summer driving season kicks in. I'd tank up right now if you're planning on going anywhere Memorial Day weekend. You might have to pawn your first born to afford the trip.