Gas prices have risen more than 4% from $2.872 a month ago and are nearly 16% higher than the $2.585 average a year ago, according to the AAA figures.
Prices have been climbing steadily since bottoming out at $1.616 in December 2008. However, the average price is down $1.101 -- or 26.7% -- from the record high of $4.114 reported on July 17, 2008.
"We've never had Christmas Day with gasoline at three dollars or higher," said Tom Kloza, chief oil analyst with Oil Price Information Service, an energy trade publication based in Wall, N.J.
The rise in gas prices mirrors a rise in crude oil, which passed the $90 a barrel mark on Wednesday. Oil prices haven't settled above $90 a barrel since October of 2008.
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8 comments:
quantitative easing of our money out of our pockets.
Devaluation of our currency
Do you ever wonder why there are so many companies (and people standing along the side of the road with signs for stores) who are trying to convince YOU to SELL your gold?
If gold is at an all-time high (which it is) why would the stores want to PAY YOU TOP DOLLAR for your gold right now?
Because they know something you don't know. The price of gold is going to HYPER-INFLATE as our currency continues to lose its value.
All commodities are going up in price (price in US Dollars that is) because the Federal Reserve is printing money out of thin air. Things that cost $1,400 right now (like gold) will cost MUCH MORE in the future. The question is WHEN?
Oil and Gasoline will continue to go up in price as working class Americans continue to lose their jobs.
It is criminal what the Federal Reserve is doing to our currency and savings.
Buy Gold and Silver now! Buy food, clothing, guns and ammo now! Spend your money now while it still has some value.
As far as I am concerned they can keep their gas. I will only drive when absolutely necessary as I am in a position that does not require a lot of driving. The only reason we are seeing this big a jump in gas prices is due to the speculators. I hope they wind up getting burned as this increase is really going to hurt the economy.
Speculators are really manipulators. They never get burned. They are the ones who light the fire!
10:04, 10:40
quantitative easing not speculators stop blaming oil companies, etc and look to the government and the fed, they are the ones destroying this country
if your neighbor is a speculator you can thank him for $3.00 gas. if your president or political party likes printing worthless currency thank them.B.L.P.
The rich boys are the ones playing with the prices. They needed more money to buy their wives yachts for Christmas I guess so they "speculated" the price increase.
Gas prices are a joke. One day they tell us it's supply and demand, then they turn around and tell us it's because we're not driving enough. And most people believe them!
Just like the heating oil and propane companies. If you don't use "enough", you pay MORE.?
I'm so sick of all this game playing with our money.
It's not just the oil companies, not just the speculators and not just the politicians in Washington.
It's ALL of them!
They have been pushing gold for a while now it's peaking out now look for the speculators to sell all they have until it crash's and then buy it and drive it up again.
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