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Gasoline prices have continued their charge up to $4 a gallon today, rising to a new record high of $3.418 after jumping 1.9 cents last night.

Gas prices have been rising sharply over the past few months in reaction to record high oil prices and a weak dollar, and some analysts are already predicting that we will be seeing $4 a gallon before it is all said and done. Diesel prices also rose to a new high, hitting $4.146 per gallon.

As we noted in earlier discussions, gas prices are only expected to move higher in the next few months as more drivers hit the road for their summer vacations. The heavy demand summer driving months always apply upward pressure to prices, and despite the current high prices, summer demand will definitely push prices even higher.

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Gasoline prices hit new record high originally appeared on BloggingStocks on Thu, 17 Apr 2008 13:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Chinaconsumersdollargasgasoline pricesGasolinePricesinterest ratesInterestRatesinthenewsoiloil pricesOilPricesrecord highsRecordHighsRussiatravelThu, 17 Apr 2008 13:10:00 EST<![CDATA[Gasoline prices hit new high this weekend]]>http://www.bloggingstocks.com/2008/04/13/gasoline-prices-hit-new-high-this-weekend/http://www.bloggingstocks.com/2008/04/13/gasoline-prices-hit-new-high-this-weekend/http://www.bloggingstocks.com/2008/04/13/gasoline-prices-hit-new-high-this-weekend/#commentsFiled under: , , , , ,

The cost of gasoline has once again risen to new record highs this weekend, as the cost for a gallon of gasoline jumped another 0.8 cents to a national average of $3.365 a gallon.

At current levels, consumers are spending 54 cents a gallon more for their gasoline they were this time last year, marking a 19% one year jump in gasoline prices. And for those of you that are hoping to get some relief from the current prices ... don't hold your breath. According to AAA, you should only be expecting to see prices continue to move higher.

One of the main reasons why prices should continue to move to the upside is that we are just now about to enter into the high demand summer driving months. Industry experts have already estimated that prices will continue to move higher, inching their way up to $3.60 a gallon, but there are plenty of analysts out there who are under the impression that we could see prices move even higher, possibly up toward $4 a gallon.

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Gasoline prices hit new high this weekend originally appeared on BloggingStocks on Sun, 13 Apr 2008 12:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredgasgas pricesgasolineoiloil pricesrecord highstourismtravelSun, 13 Apr 2008 12:10:00 EST<![CDATA[Gasoline prices hit new record high!]]>http://www.bloggingstocks.com/2008/04/04/gasoline-prices-hit-new-record-high/http://www.bloggingstocks.com/2008/04/04/gasoline-prices-hit-new-record-high/http://www.bloggingstocks.com/2008/04/04/gasoline-prices-hit-new-record-high/#commentsFiled under: , , , , , ,

With the recent surge in oil prices, it should come as no surprise that we are getting hit hard at the gas pumps, and according to AAA, prices moved to a new record high last night of $3.303 for a gallon of regular unleaded.

This is the second day in a row that gas prices have set new highs, after jumping more than a penny overnight. At these current levels, prices are now a massive 22% higher than they were this time last year.

Congress has been trying to get to the bottom of the situation, and earlier this week they heard testimony from executives of 5 of the world's largest oil companies regarding the current price explosion. Some analysts are predicting that Congress may have to step in to take some action to help combat the record-high prices by making the purchase of high-risk oil contracts tougher to do, which could lead to lower prices. Whether or not that takes place remains to be seen.

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Gasoline prices hit new record high! originally appeared on BloggingStocks on Fri, 04 Apr 2008 10:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>$110 oil$110Oilbad newsBadNewsfeaturedgasgas pricesgasolineGasPricesinthenewsoiloil companiesoil pricesOilCompaniesOilPricesrecord highsRecordHighstourismFri, 04 Apr 2008 10:40:00 EST