Have you gassed up lately? Did you notice that prices have surged? Its going to eat up the cost of your morning coffee and maybe your donut too.
Gas prices have risen recently on average about 15 cents per gallon. In one week in New Bern, N.C., prices increased from $1.58 per gallon to $1.68 per gallon.
Clerks and station owners working at the New Bern stations said the prices have been going up because of increased demand over the past several months. Higher gas prices were also fueled by higher crude oil prices, which are rising due to the crisis in the Middle East.
Tancred Lidderdale, an oil industry economist with the Energy Information Administration, expects the U.S. gas price to be $2.03 per gallon this year, with this year being the lowest annual average since 2004.
Where do you think gas prices will go this year?











Reader Comments (Page 1 of 1)
1-11-2009 @ 4:58PM
finely tuned and polished said...
Gas will rise to, $1.75 - $1.80 for 2009. Home prices will not level off till 9/2009. A drop of 5% more in housing for 2009. The Dow will gain between 9 - 11% for the calender year. Jobs will become more available around... 4-5 /2009, Of course, these jobs will be of ones created by the Obama plan. No one is getting rich (not just yet). Mortgage rates may be at 4.5% for only the chosen ones. Maybe a $10k tax incentive for buying? Maybe help with closing costs? That is the 2009 calender for positives! New tech reaches the market in 10/2009.
1-12-2009 @ 2:59AM
Robert Charles said...
Once again the American public is being scammed by unscrupulous vendors who are not delivering their products at normal prices. There is no economic reason for gasoline prices to rise except for the greed of the people who are regulating and increasing the prices. Oil prices have fallen went beyond what gas should be selling for. These people should be put in Jail for years.
1-13-2009 @ 3:20AM
GreenJoyment said...
What really controls the cost of gas anyway? It seems relatively arbitrary that it could be so high just a few months ago, and now dropped back almost to what it was 10 years ago... it seems like it's just a test to see how far "they" can push people, whoever "they" are. Or that oil is traded completely arbitrarily of its actual value. It's just hard to get a handle on how all of this works. Anyone have any ideas of places to go to gain a better understanding of this in simple terms?