Will Gas Pump Prices Keep Rising?

Prices at the pump have been inching higher all month, but don’t expect the trend to continue, according to AAA.

The summer driving season spikes demand and tends to push prices higher, and the recent rise may have been partly fueled by concerns about a possible confrontation with Iran over its nuclear program, according to the drivers’ association.

The outlook, though, is for prices to stay level through Labor Day.

At the end of June, a gallon of regular averaged 3.40 a gallon in the five-county Philadelphia area.

Read more:  http://www.philly.com/philly/business/homepage/20120730_Will_gas_pump_prices_keep_rising_.html

U.S. Drivers Spend Record Amount On Gasoline In 2011

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American drivers this week broke a record that will bring them no joy.

They collectively spent more than $448 billion on gasoline since the beginning of the year, according to the Oil Price Information Service, putting the previous record for gas expenditures — set in 2008 — in the rearview mirror with weeks of driving still to go.

It’s also a huge jump over last year, when U.S. drivers spent more than $100 billion less on gas.

Read more: http://www.mcall.com/business/la-fi-oil-riches-20111210,0,6220055.story

Gas Price To Drop As Oil Joins Commodities Plunge

Looks like the bubble may have burst!

NEW YORK (AP) — Investors finally hit the brakes on oil, gold, silver and food prices. This week’s sharp sell-off doesn’t mean commodity prices’ stunning rise over the last several months is over, but it is good news for anyone planning a road trip this summer…. http://www.delcotimes.com/articles/2011/05/06/business/doc4dc47999345c8310148389.txt?viewmode=fullstory