Gas Prices Soar Across U.S.

WASHINGTON – The average price of a gallon of regular gasoline has jumped 45 cents in the past 31 days, according to AAA, the fastest run-up since 2005.

Retail gasoline prices have climbed for 33 days in a row.  A month ago, a gallon of regular gasoline cost $3.30; on Tuesday it stood at $3.75 nationwide.

Gasoline prices have risen to within a nickel of $4 a gallon in the District of Columbia as pump prices nationwide have been marching higher – the result of refinery closures and maintenance, lower oil production by Saudi Arabia, market anxiety about tensions in Iran and Iraq, and guarded optimism about the prospects for economic recovery in the United States, Europe and China.

Read more:  http://business-news.thestreet.com/the-mercury/story/gas-prices-soar-across-us/1

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One comment on “Gas Prices Soar Across U.S.

  1. It is way past time to expand refineries and open up more areas here in America for oil drilling.We should tell the tree huggers to go F themselves and drill,baby,drill.
    The problem is the government wants everyone to drive a battery operated car when the fact is,these cars STILL require gasoline when the battery runs low.
    You CAN NOT beat fossil fuels,not matter how hard you try.
    One more thing,Mr Obama,when the price of gasoline goes up,SO DOES EVERYTHING ELSE!!
    How do you think food gets to grocery stores?
    Gerbals on wheels?

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