and you thought it was bad enough.. last night i put $40 of gas in my car.. its just insane.. chris ----- from USA today: (March 4) Gasoline prices could rocket 24 cents a gallon the next few days, as stations across the USA scramble to keep up with big jumps in the prices of oil and wholesale gas, a veteran energy-price analyst forecast Thursday. "It's going to be brutal, horrendous," says Peter Beutel, president of energy-price tracker Cameron Hanover. He has followed energy markets for nearly three decades. Thursday, light, sweet crude oil for April delivery traded as high as $55.20 a barrel in New York before closing at $53.57. A 24-cent jump in the price of gas would bump unleaded regular to a nationwide average of about $2.16 a gallon, blowing through last May's record of about $2.06. It could go higher as increased warm-weather driving in another two months pushes up demand, and therefore prices, forecasters say. Adjusted for inflation, gas would have to hit about $2.95 for a record. The price increase translates to "$90 million a day, every day that it remains in effect," which could be several months, Beutel says. |
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