Gas Prices Inch Up

The Cost Of A Gallon Increased 10 Cents Over Last Three Weeks, Still Below Last Year's Prices

(AP)  The U.S. price of gasoline increased nearly 10 cents a gallon during the past three weeks, but remains well below year-ago prices.

That's according to the national Lundberg Survey of fuel prices released Sunday.

Analyst Trilby Lundberg says the average U.S. price of regular grade gasoline was $2.05 a gallon Friday, when the survey was completed.

That's up from $1.95 a gallon recorded on March 20, but down $1.27 from the price at this time last year.

The lowest price for gasoline in the U.S. was found in Newark, N.J. at $1.83 a gallon. The highest was in Anchorage at $2.40.

The lowest price in California was $2.30 a gallon in Stockton and the highest was $2.33 in San Diego.

The average price in Los Angeles was $2.32.

[timetrips1]

Prices are going up because the poor oil comapnies can't get buy on 20 billion a year in profits, instead they desperately need to get back to 40 billion a year in profits or they might starve to death. I think they need a bail-out, what do you think?

[Cxa44]

When a barrel of oil was $140, gas was $4.15 per gallon

When a barrel of oil was $50.00, gas was $2.00 per gallon

Do the math..

I haven't been keeping up on what PPB is, but a month ago it was $50, hence why I'm speaking in past tense. It's all the same, we were being ripped off a year ago, a month ago, and it we will continue to be ripped off.

[spaceatoms]

Gas will go back up to 4 to 5 bucks a gallon, there is no way to support the spending out there without inflationary pratices. Gas prices and jobs will be the way I judge the new administration along with the Wall Street profits and inflation. I only can laugh at Wells Fargo, sure you dump 700 billion into the system, then it should go up. Again, the lazy flatfooted investors need their money and they will get it one way or the other.

[debinok1]

Yeah, we are all trying to figure that out, demand is down, supply is steady, so why are prices going up?