H
Harry Hope
Guest
From The Associated Press, 4/17/08:
http://www.newsday.com/business/nationworld/ats-ap_business12apr17,0,6811622.story
Gas prices pass $3.40 a gallon, are expected to rise higher
By JOHN WILEN | AP Business Writer
NEW YORK - Retail gas prices pushed past a record high $3.40 a gallon
Thursday, fulfilling expectations that they'll keep climbing toward $4
as the summer driving season approaches.
Oil prices, meanwhile, fluctuated after setting yet another record
high overnight. Analysts said investors were locking in gains from
crude's ongoing rally and trying to determine whether prices have more
room to rise.
At the pump, the average national price of a gallon of unleaded gas
rose 1.9 cents overnight to $3.418 a gallon, according to a survey of
stations by AAA and the Oil Price Information Service.
Diesel fuel also hit a new record of $4.146 a gallon after jumping 1.7
cents overnight, the survey said.
The soaring cost of both fuels is pressuring consumers, who gas up
their cars and buy goods that grow more expensive because of rising
transportation costs.
And their plight will only worsen; many analysts expect average
national gas prices to peak close to $4 a gallon later in the spring.
Prices are already that high in some parts of the country, including
California.
__________________________________________________
Harry
http://www.newsday.com/business/nationworld/ats-ap_business12apr17,0,6811622.story
Gas prices pass $3.40 a gallon, are expected to rise higher
By JOHN WILEN | AP Business Writer
NEW YORK - Retail gas prices pushed past a record high $3.40 a gallon
Thursday, fulfilling expectations that they'll keep climbing toward $4
as the summer driving season approaches.
Oil prices, meanwhile, fluctuated after setting yet another record
high overnight. Analysts said investors were locking in gains from
crude's ongoing rally and trying to determine whether prices have more
room to rise.
At the pump, the average national price of a gallon of unleaded gas
rose 1.9 cents overnight to $3.418 a gallon, according to a survey of
stations by AAA and the Oil Price Information Service.
Diesel fuel also hit a new record of $4.146 a gallon after jumping 1.7
cents overnight, the survey said.
The soaring cost of both fuels is pressuring consumers, who gas up
their cars and buy goods that grow more expensive because of rising
transportation costs.
And their plight will only worsen; many analysts expect average
national gas prices to peak close to $4 a gallon later in the spring.
Prices are already that high in some parts of the country, including
California.
__________________________________________________
Harry
