Gas Prices’ Earliest-Ever Rise Above $3.50 A Bad Sign For Motorists

Pay-at-the-pump gasoline pump in Indiana, Unit...

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American motorists have seen the national average for a gallon of regular gasoline rise above $3.50 a gallon on just three occasions, but it has never happened this early in the year. Analysts say it’s likely a sign that pain at the pump will rise to some of the highest levels ever seen later this year.

In 2008, average gasoline prices had hit inflation-adjusted records nationally by the summer, but they didn’t climb above $3.50 a gallon across the U.S. that year until April 21, according to the AAA Fuel Gauge Report. It happened again last year, but not until March 6.

But $3.50 a gallon gasoline is already here in 2012, weeks before refineries typically shut down for springtime maintenance, and weeks before the states switch from their less expensive winter blends of gasoline to more complicated and pricier summer blends.

Read more: http://www.mcall.com/business/mc-gas-prices-20120214,0,2776477.story

One comment on “Gas Prices’ Earliest-Ever Rise Above $3.50 A Bad Sign For Motorists

  1. Here in Western Pennsylvania,we didn’t see gas go “down”very much since last summer.Right now we are at $3.59 a gallon in most areas around Pittsburgh.We have seen our grocery bill go up from about $70.00 a week to $110.00 and up per week now.
    I don’t under stand why this President is getting a pass on this issue.People were outraged when gas hit $4.00 a gallon in the summer of 2008 with George W Bush.Gas went down a few months later to under $2.00 a gallon.
    I guess if we go against this President,on any issue,we are called racist!
    I am getting sick and tired of paying so much for fuel for my vehicles,and food I need to buy to stay alive!

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